2002 (2) TMI 691 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai considered an application for waiver of pre-deposit of Rs. 1 lakh penalty. The duty of Rs. 1,96,359/- was voluntarily deposited. The department alleged that the assessee falsely claimed credit for PVC films purchased without undergoing required processes. The tribunal found the appellant's case arguable and waived the penalty deposit condition.