2002 (1) TMI 882 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai ordered Thermax to deposit Rs. 2,86,00,850/- and a penalty of Rs. 2,89,55,303/-, while employees R.P. Pargaonkar and G.B. Khade were also penalized. The demand was based on the use of exempted inputs in manufacturing boilers. The Tribunal waived the duty and penalty, citing a circular that contradicted previous interpretations of the rules.