1999 (11) TMI 191 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi ruled in favor of the appellants, setting aside a duty demand of Rs. 94,27,454 and a penalty of Rs. 25 lakhs imposed by the Commissioner of Central Excise, Meerut. The tribunal held that the latex mix manufactured by the appellants is eligible for exemption under Notification No. 115/75 as it is manufactured in a factory of the coir industry covered by the notification. The decision was based on the precedent set in the case of Coir Cushion Industries Ltd. reported in 1999 (108) E.L.T. 432.