2000 (7) TMI 348 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi confirmed a duty demand of Rs. 3,06,364 against manufacturers of MS bars and rods for using unserviceable railway scrap as raw material. The demand was found to be time-barred due to the appellants' bona fide belief based on CBEC circulars. The Tribunal set aside the duty and penalty, allowing the appeal.