2004 (10) TMI 442 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Chennai ruled in favor of the appellants, Sree Nirmal Spinners, waiving the duty of Rs. 2,22,464 and penalty of Rs. 60,000. The tribunal found that separate registration certificates were issued to the appellants and Sree Narayana Spinners, supporting the appellants' claim of being recognized as separate manufacturing units. As a result, the waiver of pre-deposit and stay of recovery was granted for the duty and penalty amounts.