2002 (8) TMI 766 - AT - Central Excise

Summary

The appeal was against duty demand and penalty confirmed by the Commissioner of Central Excise. The appellants challenged the valuation of plastic scrap and imposition of penalty. The Tribunal found the valuation unjustifiably high and ordered revaluation. Penalty was set aside as it was a case of duty short-levied, not warranting penalty. The appeal was partly allowed with the issue of scrap valuation remanded for fresh decision.