2000 (3) TMI 764 - AT - Central Excise

Summary

The appellate tribunal found discrepancies in production records of a manufacturer of M.S. Round Bars and imposed duty on suppressed production. The appellant argued against penalty imposition under Section 11AC of the Act. The tribunal directed the appellant to pay Rs. 4 lakhs within one month for waiver of remaining duty and penalty. Compliance required by 7-3-2000.