1997 (8) TMI 135 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi granted a stay application for waiver of penalty of Rs. 10 lacs and stay of recovery proceedings. The tribunal found that there was no specific charge of intention to evade duty to attract penalty. Since duty was already paid voluntarily and there was no mens rea, the penalty was waived, and recovery proceedings were stayed.