2000 (3) TMI 636 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi upheld the decision that the appellants were not eligible for exemption under Notification 175/86 for clearing hand tools affixed with the brand name "Deeps." The tribunal confirmed a duty demand of Rs. 3,93,750 and imposed a penalty of Rs. 75,000 on the appellants. The appellants' argument that they purchased the brand name was deemed untenable due to lack of agreement for transfer of ownership. The tribunal held that the appellants were not eligible for exemption and upheld the duty demand and penalty. The appeal was rejected.