2000 (3) TMI 366 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai directed the appellant to deposit Rs. 1 lakh towards confirmed duty of Rs. 2,51,044/- and penalty of Rs. 2,50,000. The appellant, claiming financial weakness, was allowed to furnish a bank guarantee for Rs. 1 lakh within four weeks to stay recovery of the remaining amount during the appeal. Compliance to be reported on 24-3-2000.