2018 (7) TMI 1571 - SCH - Central Excise

Duty and penalty on depreciated value of Capital goods - unit has been lying closed since the year 1993 - Held that - We are not inclined to interfere with the impugned judgment - The civil appeal is accordingly dismissed.

Summary

The Supreme Court of India in 2018 (7) TMI 1571 - SC Order, dismissed the civil appeal regarding M/s. Khabros Steel (India) Ltd., which has been closed since 1993. The respondent paid duty and penalty on the depreciated value of capital goods. The Court decided not to interfere with the impugned judgment, but kept the questions of law open.