2001 (8) TMI 359 - AT - Central Excise

Summary

The judgment concerns an application for waiver of deposit of duty and penalty under Section 11AC of the Act. The duty and penalty were imposed due to the denial of exemption for solenoid valves manufactured by the applicant. The applicant contended that the goods should be classified under a different sub-heading to avail the benefit of a notification. The Tribunal found the applicant entitled to the benefit of the notification as the conditions were not contravened, and waived the deposit of duty and penalty.