2000 (11) TMI 377 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi heard a case involving duty evasion through clandestine removal of bulk drugs. A penalty of Rs. 11,81,120/- was imposed on the manufacturer and Rs. 5 lakhs on the Managing Director. The penalty under Section 11AC was waived for the manufacturer due to financial hardship, but the Managing Director had to make a pre-deposit of Rs. 50,000/-. Compliance was ordered by 19-1-2001.