2001 (11) TMI 407 - AT - Central Excise

Summary

The appeal was taken up for final decision with consent of both sides after waiver of pre-deposit. The issue was about penalty under Rule 173Q imposed on manufacture of iron and steel products opting to pay duty under Rule 96ZP3. Penalty of Rs. 10,000/- was imposed, but it was set aside as the manufacturers came under compounded levy scheme from a later date due to a change in effective dates. The penalty was not applicable to manufacturers opting to pay duty under Chapter E-XI (Rule 96ZQ). Appeal allowed with consequential benefits.