2008 (6) TMI 435 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Bangalore ruled in favor of the appellant, stating that the compensation received from the insurance company for destroyed goods is not subject to Central Excise duty. The appellant is not required to pre-deposit the demanded sum of Rs. 34,019/- and penalty, as there is no double benefit received. The recovery of duty and penalty is stayed until the appeal is disposed of.