1987 (6) TMI 216 - AT - Central Excise

Summary

The revision application transferred to Tribunal as an appeal. Dy. Collector ordered confiscation of raw silk, reduced fine from Rs. 85,000 to Rs. 38,000. Appellants argued fine should not exceed market price less duty. Tribunal allowed appeal, remanded for fresh determination of fine based on market price evidence. Dy. Collector to decide within four months.