2001 (11) TMI 1012 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT MUMBAI waived predeposit of balance penalty of Rs. 5,15,100/- and stayed recovery. The duty demand of Rs. 5,75,100/- wrongly availed as Modvat Credit was confirmed, along with a penalty imposed on the Vice-President of the Company. The appeal was allowed by remand for a fresh decision by the Commissioner (Appeals).