2001 (7) TMI 851 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT in New Delhi upheld the penalty imposed on the appellants for shortage of raw material, despite them voluntarily paying the due amount. The tribunal found that the notice for penalty was not time-barred as the shortage was discovered in 1994 and the penalty was imposed in 1999. The appeal against the penalty was dismissed.