2000 (7) TMI 315 - AT - Central Excise

Summary

The judgment by Appellate Tribunal CEGAT, Mumbai involved a waiver of deposit of duty of Rs. 3.36 crores and penalty of Rs. 10 lakhs. The Tribunal found that the goods in question were classifiable under heading 49.01, exempting them from duty. The penalty was waived as the appellant was under a bona fide impression that the goods were not liable to duty.