2000 (5) TMI 761 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Kolkata allowed the appeal by S/Shri K. Narasimhan and K.K. Banerjee, Advocates, for the Appellants, dispensing with the pre-deposit of duty amount of Rs. 80,40,952.00 and penalty amount of Rs. 10 lakhs imposed by the Commissioner of Central Excise, Patna. The Tribunal found that the appellants satisfied the conditions of the 3rd proviso to Rule 9 and had a strong prima facie case in their favor. The revenue was debarred from recovering the amount during the appeal's pendency.