1998 (1) TMI 174 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai granted waiver of deposit of duty totaling Rs. 4.31 lacs and penalty of Rs. 43,000/- in a case involving cement, iron, steel, structural, and cables as capital goods. The Tribunal considered the requirement under Rule 57Q for credit on inputs and accepted the applicant's offer to keep Rs. 1.00 lac unutilized in the RG 23A account. The Tribunal found balance of convenience in favor of the applicant and waived the deposit of duty and penalty pending appeal.