1998 (8) TMI 215 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi allowed the appeal of the appellant against a penalty of Rs. 26,842 imposed for clearing goods without sufficient balance in their PLA. The penalty was set aside due to a clerical mistake by a bank official, as supported by a certificate from the bank. The Tribunal agreed with the appellant's submissions and overturned the penalty.