2002 (1) TMI 439 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Kolkata heard a case where the appellants were denied 5% Modvat credit as they had already availed 95% credit before a specified date. The tribunal directed the appellants to deposit the entire duty amount within six weeks, while waiving the pre-deposit of penalty amount. Compliance and final disposal of the appeal were scheduled for 25-2-2002.