Appeal dismissed as factory closed, partners deceased, license surrendered. Show cause notice not sustainable.
COLLECTOR OF CENTRAL EXCISE, JAIPUR Versus BOLTON CABLES INDUSTRIES
COLLECTOR OF CENTRAL EXCISE, JAIPUR Versus BOLTON CABLES INDUSTRIES - 2001 (136) E.L.T. 756 (Tri. - Del.) The Appellate Tribunal CEGAT, New Delhi dismissed the appeal by the Revenue as the factory involved was closed due to financial crisis, partners had passed away, and central excise license was surrendered. The Tribunal found no merit in the appeal and upheld the dropping of proceedings. Balance of convenience was in favor of the assessee and show cause notice was not sustainable in law.