2001 (2) TMI 698 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Kolkata allowed four stay applications related to a case where duty of Rs. 41,75,460.00 was confirmed against M/s. J.K. Corp. Ltd. for alleged non-utilization of 285.209 M.T. of PTA. The tribunal found that the Revenue's case relied solely on entries in non-statutory registers, with no evidence of clandestine removal of inputs. The appellants were granted stay without pre-deposit of duties and penalties.