2000 (12) TMI 605 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi dismissed the appeal by the Revenue as the factory involved was closed due to financial crisis, partners had passed away, and central excise license was surrendered. The Tribunal found no merit in the appeal and upheld the dropping of proceedings. Balance of convenience was in favor of the assessee and show cause notice was not sustainable in law.