1998 (6) TMI 132 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai considered an application for waiver of deposit of Rs. 35.17 lakhs and penalty of Rs. 10 lakhs. The Tribunal found the imported plastic crayons to be classifiable without duty payment, with Modvat credit available. The applicant was asked to deposit half of the duty amount within two months, with the remaining amount waived. Compliance was required by June 24, 1998.