1994 (3) TMI 234 - AT - Central Excise

Summary

The appeal was filed against a penalty of Rs. 50,000 imposed for clearing goods pending approval of the classification list. The appellant had been filing the list regularly and believed it was approved. The authorities did not finalize the list, but the appellant continued clearance based on previous approval. The Tribunal ruled that no penalty should be levied as the appellant had complied with filing requirements and there was no suppression of facts. The appeal was allowed, and the penalty was set aside.