2002 (1) TMI 1023 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi allowed the appeal of M/s. Jatin Tracks Ltd. regarding disallowance of Modvat credit. The Tribunal held that the interest on delayed payment of duty by the supplier could not be the basis for disallowing the credit. The appeal was allowed, and the impugned order was set aside.