1994 (3) TMI 235 - AT - Central Excise

Summary

The appeal was filed against a penalty of Rs. 50,000 imposed by the Collector of Customs and Central Excise, Hyderabad for clearing goods pending approval of the classification list. The appellant had been regularly filing the classification list and believed it was approved. The Tribunal held that there was no suppression of facts and set aside the penalty, stating that the authorities had tacitly approved the classification by assessing the returns filed by the appellant.