2007 (6) TMI 416 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Mumbai partially allowed the appeal against the denial of one-time credit under Rule 9A of the Cenvat Credit Rules, 2002. The credit was disallowed because the inputs were not physically in stock on 31-3-2003 and no declaration had been filed. Although the penalty was upheld, it was later set aside as unwarranted.