2003 (7) TMI 455 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, New Delhi upheld penalty imposition of Rs. 31,271 for wrongly availing Modvat credit. Penalty reduced to Rs. 5,000 due to voluntary debit of credit. Duty amount confirmed. Rules 57-I(4) and 173Q invoked. Order maintained with penalty modification.