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        Central Excise

        2008 (1) TMI 790 - AT - Central Excise

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        Appellate Tribunal waives penalty for M/s. Jindal Texofabt Ltd. The Appellate Tribunal CESTAT, Ahmedabad ruled in favor of the appellant, M/s. Jindal Texofabt Ltd., by waiving the penalty of Rs. 5.01 lakhs as they had ...
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                              Appellate Tribunal waives penalty for M/s. Jindal Texofabt Ltd.

                              The Appellate Tribunal CESTAT, Ahmedabad ruled in favor of the appellant, M/s. Jindal Texofabt Ltd., by waiving the penalty of Rs. 5.01 lakhs as they had already deposited Rs. 20 lakhs out of the total penalty amount of Rs. 25.07 lakhs. The appeal was scheduled for final disposal on 18-2-2008.


                              The Appellate Tribunal CESTAT, Ahmedabad found that the appellant had deposited Rs. 20 lakhs out of Rs. 25.07 lakhs. The penalty amount of Rs. 5.01 lakhs imposed on M/s. Jindal Texofabt Ltd. was dispensed with. The appeal was fixed for final disposal on 18-2-2008.
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