2002 (1) TMI 437 - AT - Central Excise

Summary

The appeal was filed against the imposition of a penalty of Rs. 50,000 related to duty on steel ingots. The penalty amount was reduced from Rs. 1,05,000 to Rs. 50,000 by the Commissioner of Central Excise (Appeals). The penalty amount was deemed reasonable and the appeal was rejected by the Appellate Tribunal CEGAT, New Delhi.