2003 (5) TMI 404 - AT - Central Excise

Summary

The appeal was against the denial of Modvat credit by the Assistant Commissioner due to lack of permission for transfer. The Commissioner (Appeals) upheld the denial and imposed a penalty. The appellant argued that the name change of the company did not require permission. The Tribunal accepted the appellant's plea, stating that the name change was duly intimated to the Department and allowed the appeal with consequential relief.