2001 (1) TMI 825 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi allowed the appeal filed by the Revenue in the case involving Modvat credit for explosives used in mines by M/s. Prism Cement Ltd. The Tribunal set aside the decision of the Commissioner of Central Excise (Appeals) as it was overruled by a Larger Bench decision. The amount of duty involved was Rs. 44,712.00, and no penalty was imposed. The order-in-original passed by the Asstt. Commissioner of Central Excise (Appeals), Satna was restored.