Maniyar Plast Ltd. Vs. Commissioner of Central Excise,

Maniyar Plast Ltd. vs Commissioner of Central Excise,

Type Court Judgment Court Customs Excise and Service Tax Appellate Tribunal CESTAT Mumbai Decided Jul 23, 2001

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Citation: sooperkanoon.com/24604
Court: Customs Excise and Service Tax Appellate Tribunal CESTAT Mumbai
Decided On: Jul 23, 2001
Subject: Excise

Case Summary

AI-generated summary - not the official court judgment text.

Excise

Key legal issue: Excise

Parties & Advocates

Appellant / Petitioner

Maniyar Plast Ltd.

Respondent

Commissioner of Central Excise,

Excerpt

1. the sole ground advances by the counsel for the applicant for waiving deposit of duty of rs 2.95 crores approx, and a penalty or rs. 1.48 crores approx is financial hardship. the application filed by the applicant to the board of industrial and financial reconstruction in march 2000, has been registered under section 20 of the sick industries companies (special provisions) act, 1985. it is on this basis that the tribunal in its order in navpad textile industries ltd & other vs cce, surat i in applications 2711 to 2713 we waived deposit of the duty demanded from maniyar plast ltd. the counsel for the applicant makes a statement before that the position between passing of that order and now so far as the applicant is concerned continues unchanged.2. accordingly, we waive deposit of the duty and penalty and stay their recovery.

Full Judgment

1. The sole ground advances by the counsel for the applicant for waiving deposit of duty of Rs 2.95 crores approx, and a penalty or Rs. 1.48 crores approx is financial hardship. The application filed by the applicant to the Board of Industrial and Financial Reconstruction in March 2000, has been registered under section 20 of the Sick Industries Companies (Special Provisions) Act, 1985. It is on this basis that the Tribunal in its order in Navpad textile Industries Ltd & other vs CCE, Surat I in applications 2711 to 2713 we waived deposit of the duty demanded from Maniyar Plast Ltd. The counsel for the applicant makes a statement before that the position between passing of that order and now so far as the applicant is concerned continues unchanged.

2. Accordingly, we waive deposit of the duty and penalty and stay their recovery.

Same Court & Year Customs Excise and Service Tax Appellate Tribunal CESTAT Mumb... Same Parties Maniyar Plast Ltd. vs Commissioner of Central Excise, Same Subject Excise