2001 (9) TMI 1025 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi granted a stay on the recovery of any amount due from the appellants in a case involving Modvat credit denial. The stay was based on the procedure approved by Central Excise authorities for taking credit on inputs received in small lots after six months. The High Court directed the Tribunal to refer the case for opinion on the denial of Modvat credit. The stay application was allowed.