2004 (10) TMI 464 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Bangalore ruled in the case where penalty of Rs. 15,000 was imposed on the appellants for clearing PVC pipes bearing the brand name "Ratna." The appellants argued that "Ratna" was a family prefix and not a brand name, with no intention to evade duty. The Tribunal accepted their bona fide belief and set aside the penalty, partially allowing the appeal.