1998 (4) TMI 377 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai accepted the advocate's offer for the applicant to deposit Rs. 25 lakhs within two weeks. The waiver of the remaining duty and penalty amounting to Rs. 1,33,50,854/- and Rs. 1 crore respectively was granted, and recovery stayed. The detention of excisable goods by the department was revoked, allowing the applicant to freely deal with them.