2010 (1) TMI 1005 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT Chennai ruled in favor of the appellant, a 100% EOU manufacturing and exporting polished granites. The tribunal set aside the penalty imposed under Section 11AC of the Central Excise Act, 1944, as there was no allegation of suppression or fraud, and the appellant agreed to pay interest on the duty amount. The appeal was allowed and the stay petition was disposed of.