2006 (2) TMI 177 - SCH - Central Excise

Duty demand - Penalty - Held that - we are not inclined to interfere with the impugned order which is based mainly on facts except to the extent that it is not a case for levy of penalty as the classification list filed by the assessee-appellant had already been approved as Cellulosic Spun Yarn containing Non-cellulosic waste by the Department - However, Penalty is waived - Decided partly in favour of assessee.

Summary

The Supreme Court dismissed the appeal against the Customs Tribunal's decision confirming duty demand and penalty on the appellant. The Court waived the penalty imposed by the Collector of Central Excise, as the appellant's classification list had been approved by the Department.