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2012 (7) TMI 259 - CESTAT, MUMBAIPlea for waiver of pre-deposit of duty of 99 lacs and penalty - dispute regarding classification of pin mailer - assessee contending the same to fall under Chapter 49 of the tariff whereas Revenue contended it to be under chapter 48 - assessee engaged in the manufacture of PIN mailer, stationery and other stationery items - Held that:- As explained, Pin mailer is printed continuous computer stationery which is further used by the Bank in the dot-matrix printer to print the PIN number of their customers. In these circumstances, prima facie we find that it is not a fit case for total waiver of duty. However, keeping in view the financial hardship as pleaded, the applicants are directed to deposit an amount of ₹ 15 lacs within a period of eight weeks. On deposit of aforesaid amount, recovery of remaining amount of duty, interest and penalty is stayed during the pendency of the appeals.
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