2006 (1) TMI 355 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Mumbai considered an application for waiver of pre-deposit of a penalty of Rs. 25.00 lakhs imposed under Cenvat Credit Rules, 2002 and Customs Act, 1962. The Tribunal found no established liability for penalty under the Customs Act and waived the pre-deposit, staying its recovery pending appeal.