https://www.taxtmi.com/caselaws?id=221190 The Appellate Tribunal CESTAT MUMBAI granted the applicant's request for waiver of pre-deposit of duty, interest, and penalty amounting to Rs.3,64,29,967. The Tribunal found that the demand for duty payment on Superior Kerosene Oil was unsustainable as the price was fixed by the Oil Co-ordinate Committee, resulting in subsidy received by oil marketing companies. The Tribunal disagreed with the Revenue's reliance on a Supreme Court decision, favoring the applicants. The Tribunal allowed the stay petition, waived the pre-deposit, and referred to the decision of the Larger Bench in the ONGC case for further proceedings. en-us Mon, 19 Nov 2012 00:00:00 +0530 Thu, 17 Jan 2013 19:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221190 The Appellate Tribunal CESTAT MUMBAI granted the applicant's request for waiver of pre-deposit of duty, interest, and penalty amounting to Rs.3,64,29,967. The Tribunal found that the demand for duty payment on Superior Kerosene Oil was unsustainable as the price was fixed by the Oil Co-ordinate Committee, resulting in subsidy received by oil marketing companies. The Tribunal disagreed with the Revenue's reliance on a Supreme Court decision, favoring the applicants. The Tribunal allowed the stay petition, waived the pre-deposit, and referred to the decision of the Larger Bench in the ONGC case for further proceedings. Case-Laws Central Excise Mon, 19 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221190