CESTAT upholds appellant's victory, rejects Revenue's appeal on penalty. Valid explanation for price difference.

The Appellate Tribunal CESTAT, New Delhi, rejected the Revenue's appeal regarding a penalty that was set aside by the Commissioner. The Tribunal found a valid explanation for the price difference and condoned the delay, upholding the decision in favor of the appellant.

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The Appellate Tribunal CESTAT, New Delhi, in Citation 2004 (5) TMI 115, heard an appeal accompanied by a condonation of delay application. The appeal was about a penalty, which the Commissioner had set aside. The Tribunal found a valid explanation for the price difference and rejected the Revenue's appeal, condoning the delay.

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