2003 (2) TMI 360 - AT - Central Excise

Summary

The appellant, a computer manufacturer, declared inputs as "Computer parts" but faced duty and penalty for wrong availment of Modvat credit. The Commissioner (Appeals) upheld the decision, citing irrelevance of a Tribunal judgment. However, the appellant's reference to a Board Circular led to the appeal being allowed by the Appellate Tribunal CEGAT, Mumbai.