2005 (3) TMI 184 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, New Delhi heard a case involving duty amount of Rs. 47,02,274/- and penalty of Rs. 15,00,000/- confirmed against the appellants for the period March 2003 to October 2003. The appellants, an Electricity Generating Company, were denied exemption under Notification No. 6/2002-C.E. by the adjudicating authority. The Tribunal found that the appellants qualify as per the notification and granted waiver of pre-deposit of duty and penalty amounts, staying the recovery until the appeal is disposed of. The appeal was scheduled for regular hearing on 20th May, 2005.