2009 (6) TMI 811 - AT - Central Excise

Summary

The case involves M/s. Sundaram Industries Ltd. clearing Rubber Mixed Compound (RMC) under exemption but facing a demand of Rs. 9,07,847/- and a penalty of Rs. 50,000/- for irregular credit. The tribunal waived the balance amount of duty and penalty pending appeal, as the appellants had already reversed the credit related to the exempted products.