2002 (8) TMI 768 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai granted waiver of pre-deposit of duty and penalty in a case involving Notification No. 1/93 Central Excise and an amendment extending benefits to units registered with DGTD. The Tribunal found that the exclusion clause in the Notification did not apply to the appellants since they became eligible for the benefit after the commencement of the financial year. The Tribunal granted the waiver and stayed the recovery of duty and penalty.