2004 (5) TMI 140 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Mumbai granted a stay on the payment of duty and penalty imposed on the appellants by the Commissioner of Central Excise for finished goods destroyed in an accidental fire caused by an electric short circuit. The Tribunal found no negligence or purposeful act on the part of the appellants and waived the pre-deposit of the entire amount of duty and penalty until the appeal is disposed of. The case is scheduled for regular hearing on 16-7-2004.