2003 (7) TMI 500 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, New Delhi upheld the reduction of redemption fine and penalty imposed on two respondents by the Commissioner (Appeals) for unaccounted goods found in their factory premises. The Tribunal found that the Commissioner (Appeals) had validly exercised discretion in reducing the penalty based on the circumstances of the case. The appeals of the Revenue were dismissed as lacking merit.