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2000 (10) TMI 348 - AT - Central Excise

The case involved a penalty waiver application for Rs. 1.11 crores. Duty and interest of Rs. 5 lakhs were already paid. The penalty was imposed due to alleged suppression of facts regarding the sale of goods to a related company. The Tribunal waived the penalty and stayed its recovery, considering the legal provisions.

 

 

 

 

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