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2013 (11) TMI 539 - CESTAT KOLKATAValuation - determination of assessable value of body built vehicles by the applicant on the chassis supplied by Tata Motors Ltd. - Waiver of Pre-deposit of Penalty under Rule 26 of CE Rules – Held that:- Following M/s. Hyva (I) Pvt. Ltd. and others Versus Commissioner of Central Excise, Jamshedpur [2013 (9) TMI 136 - CESTAT KOLKATA] wherein the Tribunal had directed M/s Tata Motors to deposit an amount of Rs.2.00 Crores and waived the balance dues against M/s Tata Motors and all other applicants - The issue involved is the same - the present stay application could not be heard on that date thus it is appropriate to waive the requirement of pre-deposit of penalty imposed on the applicant – Pre-deposits waived till the disposal – Stay granted.
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