2002 (8) TMI 763 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai reduced the penalty imposed on a textile processor under Rule 96ZQ for late payment of duty from Rs 6.00 lakhs to Rs 3 lakhs. The appellant's explanation for the delay in payment was accepted for one part but not for the other, resulting in a partial allowance of the appeal.