CEGAT Waives Duty & Penalty for M.S. Rounds & RCS Classification Dispute

The Appellate Tribunal CEGAT, New Delhi granted the application for waiver of duty amount and penalty. The dispute over the classification of M.S. rounds and RCS as inputs under heading 7214.90 of the Central Excise Tariff was resolved in favor of the applicants, as both were found classifiable under the same heading.

---

---

The Appellate Tribunal CEGAT, New Delhi allowed the application for waiver of pre-deposit of duty amount of Rs. 39,667/- and penalty of Rs. 10,000. The dispute was regarding the classification of M.S. rounds and RCS as inputs under heading 7214.90 of the Central Excise Tariff. The Tribunal ruled in favor of the applicants as they had declared M.S. rounds in their declaration and received RCSs, both classifiable under heading 7214.90.

---