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2014 (5) TMI 524 - CESTAT CHENNAIWaiver of pre-deposit of duty – Levy of interest and Penalty – Import of Induction cooker - Mis-declaration in description - Undervaluation - Held that:- The submission of learned counsel on the importation of induction furnace in SKD condition is a factual matter which will be looked at the time of final hearing of appeal - Hence, assessee has failed to make out a prima facie case for total waiver of pre-deposit - Accordingly, applicant is directed to make a further deposit of ₹ 2,00,000/- (Rupees two lakhs only) - Upon such deposit, pre-deposit of balance amount of duty along with interest and penalty stands waived and recovery thereof stayed during pendency of appeal - Accordingly, early hearing application is dismissed as infructuous – Conditional Stay granted.
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