2001 (1) TMI 275 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi, considered an application for waiver of penalty of Rs. 1 lakh imposed on the Joint Managing Director of M/s. Indo Vanillon Chemicals Ltd. The tribunal found a strong prima facie case for waiver as the order did not establish the role of the applicant in the alleged offence. Therefore, the tribunal dispensed with the pre-deposit requirement and stayed the penalty recovery during the appeal.