1987 (4) TMI 299 - AT - Central Excise

Summary

The appellants manufactured synthetic resin for captive consumption and on behalf of M/s. Assam Veneer Co. The classification and assessment of the goods are pending. A penalty of Rs. 25,000 was imposed prematurely under Rule 173-Q of the Central Excise Rules, 1944. The Tribunal set aside the penalty and remanded the case for finalizing assessment before imposing any penalty.