https://www.taxtmi.com/caselaws?id=114106 The Tribunal granted the application for waiver of pre-deposit of duty amounting to Rs. 77,61,313 and a penalty of Rs. 50,000. It found that the applicants had filed a declaration under Rule 57H(1) within the required timeline and had adequately responded to queries. The Tribunal considered the lack of a specific requirement for satisfaction under Rule 57H(1) during the relevant period and the evolving classification of the final product, supporting the applicants' claim for waiver. As a result, the pre-deposit of duty and penalty was waived, and recovery was stayed pending appeal. en-us Fri, 27 Aug 2004 00:00:00 +0530 Fri, 11 May 2012 12:48:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114106 The Tribunal granted the application for waiver of pre-deposit of duty amounting to Rs. 77,61,313 and a penalty of Rs. 50,000. It found that the applicants had filed a declaration under Rule 57H(1) within the required timeline and had adequately responded to queries. The Tribunal considered the lack of a specific requirement for satisfaction under Rule 57H(1) during the relevant period and the evolving classification of the final product, supporting the applicants' claim for waiver. As a result, the pre-deposit of duty and penalty was waived, and recovery was stayed pending appeal. Case-Laws Central Excise Fri, 27 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114106