1993 (10) TMI 197 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Bombay ordered the appellant to deposit duty of Rs. 6,38,641 and a penalty of Rs. 50,000. The plant & machinery were ordered confiscation but allowed redemption on payment of a fine of Rs. 10,000. The appellant argued that the demand for duty was time-barred and not legally sustainable. The Tribunal granted stay and waiver of recovery of duty and penalty, allowing modvat credit if duty-paid copper rods were used in remanufacture.