2003 (8) TMI 417 - AT - Central Excise

Summary

The case involved illegal availment of Modvat credit without receipt of inputs by M/s. Sandeep, who reversed the credit. The respondents issued a modvatable invoice without supplying inputs, but penalty on them was vacated as they had sold the goods to M/s. Sandeep. The appeal of the Revenue was rejected by the Appellate Tribunal CESTAT, NEW DELHI.