2009 (11) TMI 777 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT NEW DELHI reviewed a case where the appellant cleared goods for a project funded by Japan Bank for International Co-operation under Notification No. 108/95. The authorities determined that the bank did not qualify for the notification, leading to a demand for duty payment. The appellant paid the duty and interest but disputed the penalty. The Tribunal concluded that the penalty imposed was not justified and set it aside.