2003 (7) TMI 534 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Mumbai ruled in favor of the appellant, Deek Printers, and Gurangbhai Thakore, waiving the deposit of demanded sums and penalties. The tribunal found that there was no specific provision in the law for recovery of the disputed amount, and ordered the applicant to reverse a sum of Rs. 7.50 lakhs in its Modvat account. Compliance was to be done by 19-8-2003.