1999 (3) TMI 170 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai waived the deposit of Rs. 5 lakhs penalty imposed under Rule 209A on a transport company for carrying goods manufactured by Sharp Industries without duty payment. The Tribunal considered the company's maintenance of proper records, financial hardship, and the lack of clarity in the case against the company. The deposit was waived, and recovery was stayed.