https://www.taxtmi.com/caselaws?id=115342 The Appellate Tribunal CESTAT, Mumbai waived the pre-deposit of penalty of Rs. 1 Lakh imposed on the Vice-President of M/s. Motorol Speciality Oils Ltd. The Tribunal found that Rule 26 of the Central Excise Rules, 2002 did not apply as the applicant had not dealt with any excisable goods, leading to the penalty imposition being unjustified. Therefore, the Tribunal waived the pre-deposit of penalty and stayed the recovery pending the appeal. en-us Tue, 19 Apr 2005 00:00:00 +0530 Sat, 26 May 2012 12:37:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115342 The Appellate Tribunal CESTAT, Mumbai waived the pre-deposit of penalty of Rs. 1 Lakh imposed on the Vice-President of M/s. Motorol Speciality Oils Ltd. The Tribunal found that Rule 26 of the Central Excise Rules, 2002 did not apply as the applicant had not dealt with any excisable goods, leading to the penalty imposition being unjustified. Therefore, the Tribunal waived the pre-deposit of penalty and stayed the recovery pending the appeal. Case-Laws Central Excise Tue, 19 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115342