2002 (1) TMI 352 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi ruled in favor of the appellant in a dispute regarding the valuation of goods sold from their depot. The duty demand and penalties imposed were set aside as the assessments were provisional and penalty under Section 11AC was not applicable for the period in question. The case was remanded for finalization of provisional assessments before any further action under Section 11A or Rule 173Q could be considered.