2003 (10) TMI 371 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, New Delhi allowed the applications for waiver of pre-deposit of duty and penalty. The demand was confirmed for including the cost of pattern in the assessable value of steel castings, with the only dispute being the quantum of cost. The appellants provided evidence showing a lower cost than determined by the Revenue, supported by a Chartered Engineer's certificate. The Tribunal considered it a fit case for total waiver of duty and penalty, allowing the stay applications unconditionally. Adjourned for further arguments to 4-12-2003.