https://www.taxtmi.com/caselaws?id=242203 The Appellate Tribunal CESTAT KOLKATA granted waiver of predeposit of penalty for M/s Impex Ferro Tech. Ltd. under Section 11AC of the Central Excise Act, 1944. The Tribunal accepted the offer to deposit Rs.2,50,000 in addition to the already paid Rs.1,00,000, directing the Company to comply within eight weeks to stay recovery of balance dues. Similarly, waiver of penalty under Section 26 of the Central Excise Rules, 2002, for Mr. Virendra Kumar Jain, Director of the Company, was granted on the condition of complying with the deposit requirement to avoid dismissal of the appeal and stay recovery of remaining dues. en-us Fri, 05 Apr 2013 00:00:00 +0530 Fri, 10 Jan 2014 10:34:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242203 The Appellate Tribunal CESTAT KOLKATA granted waiver of predeposit of penalty for M/s Impex Ferro Tech. Ltd. under Section 11AC of the Central Excise Act, 1944. The Tribunal accepted the offer to deposit Rs.2,50,000 in addition to the already paid Rs.1,00,000, directing the Company to comply within eight weeks to stay recovery of balance dues. Similarly, waiver of penalty under Section 26 of the Central Excise Rules, 2002, for Mr. Virendra Kumar Jain, Director of the Company, was granted on the condition of complying with the deposit requirement to avoid dismissal of the appeal and stay recovery of remaining dues. Case-Laws Central Excise Fri, 05 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242203