1993 (9) TMI 215

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..... Sharma, SDR, for the Respondent. [Order]. -  Penalty of Rs. 40,000/- has been imposed on the appellants for alleged failure to apply for Central Excise Licence after crossing the 80% of the exemption limit. 2. On behalf of the appellants it is contended that they had actually applied for the licence on 9-10-1990 as they were likely to cross the 80% of the exemption limit and as req....

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.... relax the licensing requirement inter alia, in respect of goods which are, for the time being, exempted from Central Excise duty either conditionally or unconditionally. Govt. issued Notification 111/78-C.E., dated 9-5-1978 in exercise of the said power. This notification required the manufacturer exempted from the licensing control to undertake to apply for the licence when he reached 80% of the....