1993 (9) TMI 215 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi imposed a penalty of Rs. 40,000 on the appellants for not applying for a Central Excise Licence after crossing 80% of the exemption limit. The appellants had actually applied for the license before crossing the limit, so no penalty was levied. The appeal was allowed with consequential relief. (Citation: 1993 (9) TMI 215 - CEGAT, New Delhi)