2001 (7) TMI 1103 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Kolkata confirmed a duty amount of Rs. 1,78,850 against the appellants for not debiting Modvat credit as per Rule 57CC. The penalty of Rs. 2,000 was imposed but later set aside due to lack of awareness about the rule. The appeal was disposed of with the duty confirmed and penalty waived.