2003 (5) TMI 403 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai allowed the appeal of the appellant who was accused of wrongly taking Modvat credit without evidence of duty payment by Resha Wires Pvt. Ltd., Bangalore. The Tribunal found a lack of evidence to support the denial of credit and criticized the Commissioner for invoking the extended period without justification. The appeal was allowed, and the impugned order was set aside.