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of <h1>CEGAT Bombay Orders Duty Deposit, Penalty, and Redemption; Stay & Waiver Granted</h1> <h3>STERLITE INDUSTRIES (I) LTD. Versus COLLECTOR OF CENTRAL EXCISE, PUNE</h3> The Appellate Tribunal CEGAT, Bombay ordered the appellant to deposit duty of Rs. 6,38,641 and a penalty of Rs. 50,000. The plant & machinery were ... Re-manufacture The Appellate Tribunal CEGAT, Bombay ordered the appellant to deposit duty of Rs. 6,38,641 and a penalty of Rs. 50,000. The plant & machinery were ordered confiscation but allowed redemption on payment of a fine of Rs. 10,000. The appellant argued that the demand for duty was time-barred and not legally sustainable. The Tribunal granted stay and waiver of recovery of duty and penalty, allowing modvat credit if duty-paid copper rods were used in remanufacture.
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