2003 (5) TMI 373 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi reduced the penalty imposed on traders for disposing of goods without issuing invoices from Rs. 50,000 to Rs. 10,000. The penalty was reduced as no duty evasion was involved, and the person who bought the goods did not claim Modvat credit. The appeal was disposed of accordingly.