2004 (11) TMI 479 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Delhi granted waiver of predeposit of penalty of Rs. 1 lakh to the applicant involved in clandestine removal of goods. The applicant's resignation before the period of demand was noted, and the Managing Director during the disputed period was exonerated. The waiver was granted, and recovery of penalty stayed during the appeal. The appeal was listed for hearing on 15-3-2005.