1996 (7) TMI 404 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai imposed duty of Rs. 9.78 lakhs and penalty of Rs. 1.50 lakhs on the appellant for not including the cost of tooling in the assessable value of printed circuit boards. The Tribunal found no prima facie case in favor of the appellant and ordered the duty to be secured by a bank guarantee within two months. Waiver of pre-deposit of penalty was granted, and its recovery stayed. Compliance was required by 17th September, 1996.