2003 (7) TMI 402 - AT - Central Excise

Summary

The appeal was against a penalty of over Rs. 11 lakhs and interest demand for wrong availment of Modvat credit. The credit was taken twice for the same goods. The Tribunal found it to be a bona fide error by all parties, as the credit was taken against stipulated documents. The imposition of penalty and demand for interest were not upheld, and the appeal was allowed with consequential relief to the appellants.