2003 (4) TMI 424 - AT - Central Excise

Summary

The judgment by Appellate Tribunal CEGAT, Kolkata in the case of Smt. Archana Wadhwa involves a dispute regarding Modvat credit on capital goods obtained on lease. The Tribunal directed the appellants to deposit Rs. 1.50 lakh within six weeks to stay the recovery of the duty and penalty, considering their financial condition. The appeal will be heard further based on compliance on 16-6-2003.