CESTAT Confirms Duty & Penalty for Finished Products Discrepancy The Appellate Tribunal CESTAT, New Delhi confirmed a demand for duty and penalty due to shortage and excess of finished products. The applicants were ...
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CESTAT Confirms Duty & Penalty for Finished Products Discrepancy
The Appellate Tribunal CESTAT, New Delhi confirmed a demand for duty and penalty due to shortage and excess of finished products. The applicants were directed to deposit Rs. 40,000 within 2 weeks, with the remaining duty waived for the appeal hearing. Compliance report was required by 15-6-2004.
The Appellate Tribunal CESTAT, New Delhi heard a case regarding waiver of pre-deposit of duty and penalty. The applicants failed to appear despite notice. The demand was confirmed due to shortage and excess of finished products. The Tribunal directed the applicants to deposit Rs. 40,000 within 2 weeks, with the remaining duty waived for appeal hearing. Compliance report was to be submitted by 15-6-2004. (2004 (5) TMI 405 - CESTAT, New Delhi)
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