2001 (2) TMI 491 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi ruled that penalty under Section 11AC of the Central Excise Act does not need to be equal to the duty imposed on the assessee. The Tribunal's decision in Escorts JCB Ltd. v. Commissioner of C. Ex., New Delhi supports this view. The appeal filed by the Revenue was dismissed.