2000 (5) TMI 851 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai considered whether M/s. Essar Steel Ltd. was liable for penalty due to wrongful importation of a boat. The respondent did not challenge the unauthorized importation but disputed the penalty imposition. The Tribunal dismissed the appeal, stating that the boat was imported for actual use based on a clarification by the licensing authority.