1999 (5) TMI 185 - AT - Central Excise

Summary

The appeal by M/s. Indian Aluminium Cables Ltd. questioned the imposition of a penalty for not maintaining records of intermediate products. The company argued that wires drawn from copper and aluminium rods were used internally for making insulated PVC cables, so no penalty should apply. The tribunal agreed, noting no clandestine activity and canceled the penalty of Rs. 2,000.