2003 (5) TMI 376 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Mumbai ordered the respondent to deposit Rs. 40 lakhs, which was done by debit to the RG 23A account. The Commissioner's contention that the deposit should have been made in cash or from the personal ledger account was dismissed, as the Tribunal had accepted compliance based on the deposit made. The Tribunal's decision in Birla Yamaha Ltd v. CCE supported the validity of the deposit made by the assessee. The application by the Commissioner was dismissed.