2000 (12) TMI 652 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Kolkata confirmed duty demand of Rs. 30,71,393.64 and imposed personal penalty under Section 11AC and Rule 173Q. The appellants paid duty on escalated value before finalization of bills. Tribunal found no justification for penalty imposition and set it aside, upholding duty confirmation. Cross-objection by Revenue also disposed of.