2001 (12) TMI 510 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai ruled in favor of Gujarat Industries, waiving the duty of Rs. 12.20 lakhs and penalties imposed on individuals for cold rolling of steel strips, stating that the process did not amount to manufacture. The Tribunal referred to a Supreme Court judgment and concluded that no duty was payable, thus waiving the deposit and staying the recovery of duty and penalty.