2003 (7) TMI 129 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Mumbai upheld penalties imposed under Rule 173Q on Riddhi Siddhi Processors and under Rule 209A on Jag Prakash Synthetics and Atul G. Gandhi for duty evasion. Penalty on Atul Gandhi was set aside due to being a partner in Riddhi Siddhi Processors. Penalties on the other two appellants were upheld as the amount evaded was significant. Appeal E/1113 allowed, while appeals E/1112 and E/1114 dismissed.