2000 (10) TMI 398 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Chennai granted waiver of pre-deposit and stay of recovery in an appeal related to non-deposit of penalty amount under Section 35F of the Central Excise Act, 1944. The Tribunal remanded the case to the Commissioner (Appeals) to hear the matter on merits without insisting on pre-deposit, considering Board Circular and Tribunal ruling that no penalty is liable on co-assessee if main assessee's appeals are settled under the KVS scheme. Appellants to be heard in terms of natural justice principles before a reasoned order is passed.