2003 (3) TMI 594 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai reduced the redemption fine and penalties imposed on the appellants by the Commissioner of Central Excise (Appeals) for non-accountal of excess stock of processed man-made fabrics. The Tribunal set aside the confiscation of goods and reduced the penalty on the mills to Rs. 2,000 based on the defence presented. The appeal was partly allowed.