2002 (12) TMI 336 - AT - Central Excise

Summary

The legal judgment by the Appellate Tribunal CEGAT, Mumbai involved two appeals related to stocktaking of excisable goods in processing of fabrics. The Tribunal found that the proceedings were based on a wrong interpretation of Rule 223A of the Central Excise Rules, as it only applies to fully finished excisable goods, not goods under process. Therefore, the demands of duty and penalties imposed were deemed untenable, and the appeals were allowed with consequential relief.