1999 (2) TMI 159 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai waived duty of Rs. 29.79 lakhs, penalties of Rs. 28,42,674 and Rs. 1,36,204, redemption fine of Rs. 10 lakhs on plant and machinery, and Rs. 2 lakhs on the Company Secretary. The Tribunal found the penalty on the assessee not maintainable and waived the penalties and duty amount.