2000 (3) TMI 783 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi upheld a penalty of Rs. 2 lakhs on a proprietory concern for receiving branded goods without duty payment. The Tribunal reduced the penalty to Rs. 50,000 considering the circumstances, even though the main person involved had settled the matter under the KVS Scheme. The appeal was partly allowed.