1998 (3) TMI 382 - AT - Central Excise

Summary

The Appellate Tribunal upheld the liability for confiscation of excess stock of twisted bars of iron & steel found in a truck. The fines and penalties imposed were reduced to Rs. 5,000 for penalty, Rs. 5,000 for goods, and Rs. 2,500 for the truck. The appellant may be entitled to a refund if fines and penalties have already been paid.