https://www.taxtmi.com/caselaws?id=246325 The Tribunal granted the applicant's request for waiver of pre-deposit of duty, interest, and penalty amounting to Rs. 6,58,17,427. The applicant, engaged in manufacturing bulk drugs, surrendered an amount during an Income Tax Department survey, which the Revenue claimed was profit from goods cleared without duty payment. The Tribunal found in favor of the applicant, noting lack of evidence linking the surrendered amount to duty evasion. Consequently, the pre-deposit was waived, and recovery stayed pending appeal, allowing the applicant's stay petition. en-us Wed, 07 Dec 2011 00:00:00 +0530 Sun, 20 Apr 2014 16:01:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246325 The Tribunal granted the applicant's request for waiver of pre-deposit of duty, interest, and penalty amounting to Rs. 6,58,17,427. The applicant, engaged in manufacturing bulk drugs, surrendered an amount during an Income Tax Department survey, which the Revenue claimed was profit from goods cleared without duty payment. The Tribunal found in favor of the applicant, noting lack of evidence linking the surrendered amount to duty evasion. Consequently, the pre-deposit was waived, and recovery stayed pending appeal, allowing the applicant's stay petition. Case-Laws Central Excise Wed, 07 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246325