https://www.taxtmi.com/caselaws?id=265625 The Appellate Tribunal CESTAT KOLKATA considered a stay application seeking waiver of pre-deposit of duty and penalty amounting to Rs. 3.56 Crores. Initially, the Tribunal directed a pre-deposit of 25% of the confirmed duty with a compliance deadline. The matter was referred back to the Tribunal by the Calcutta High Court, upholding the Single Judge's order and instructing the applicant to pay a cost of Rs. 50,000. Ultimately, the Tribunal directed the applicant to deposit Rs. 25.00 Lakhs, less than 7.5% of the total duty confirmed, to waive the balance dues and stay their recovery during the appeal's pendency, with a compliance deadline set for 30th November, 2015. en-us Thu, 17 Sep 2015 00:00:00 +0530 Tue, 13 Oct 2015 19:50:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265625 The Appellate Tribunal CESTAT KOLKATA considered a stay application seeking waiver of pre-deposit of duty and penalty amounting to Rs. 3.56 Crores. Initially, the Tribunal directed a pre-deposit of 25% of the confirmed duty with a compliance deadline. The matter was referred back to the Tribunal by the Calcutta High Court, upholding the Single Judge's order and instructing the applicant to pay a cost of Rs. 50,000. Ultimately, the Tribunal directed the applicant to deposit Rs. 25.00 Lakhs, less than 7.5% of the total duty confirmed, to waive the balance dues and stay their recovery during the appeal's pendency, with a compliance deadline set for 30th November, 2015. Case-Laws Central Excise Thu, 17 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265625