2004 (10) TMI 379 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, New Delhi allowed the stay application in a case regarding denial of Modvat credit and imposition of penalty. The appellant's credit was originally taken based on the specified copy of Bill of Entry, which was later lost while claiming DEPB benefit. The appellant's submission was that the credit was taken according to the rules and should not have been denied. Stay granted, appeal scheduled for hearing on 11th February 2005.