2002 (11) TMI 725 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai allowed the appeal filed by the appellants regarding the denial of 5% credit on imported Paraffin Wax. The appellants mistakenly took only 10% credit initially instead of the full 15% allowed under Notification No. 60/97 C.E. (N.T.). The Tribunal held that the appellants were eligible for the additional 5% credit as they had not violated Rule 57G(5) by rectifying the mistake within six months. The impugned orders of the lower authorities, including the penalty, were set aside.