2004 (10) TMI 435 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, New Delhi heard a case where the appellant leased capital goods to M/s. Birla Growth Fund Ltd. and M/s. ICICI but continued to use the goods for manufacturing without removal. The Tribunal granted a stay on duty demand based on the precedent set in Associated Cement Companies Ltd. v. CCE, Belgaum. The appeal was scheduled for further hearing on 29-11-2004.