2000 (8) TMI 150 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai reduced the penalty imposed on M/s. J.K. Processors from Rs. 7.5 lakhs to Rs. 5,000 due to a delay in duty payment caused by bank issues. The tribunal waived the requirement of pre-deposit and decided the appeal in favor of the assessee.