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1998 (10) TMI 350 - AT - Central Excise
The appellate tribunal upheld the demand of central excise duty of Rs. 29,306.00 on M/s. Monic Beads Pvt. Ltd. for manufacturing glass beads from glass tubes. The penalty of Rs. 30,000/- was reduced to Rs. 5,000/- due to a bona fide belief by the appellants. The appeal was rejected, and cross-objections were disposed of accordingly.
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