2011 (2) TMI 986 - AT - Central Excise

Modvat credit - availed credit on the basis of fake and fictitious invoices issued by the non existent weavers - Held that - The Tribunal in the case of M/s. Bhagwati Silk Mills 2011 (1) TMI 239 - CESTAT, AHMEDABAD has considered identical appeals of the other appellants similarly situate and has remanded the matter to the original adjudicating authority for denovo decision in the light of the observations made therein - thus remand this matter to the original adjudicating authority for fresh decision - Stay petitions appeals get disposed off.

Summary

The Appellate Tribunal CESTAT, Ahmedabad set aside the impugned order and remanded the matter to the original adjudicating authority for fresh decision based on earlier Tribunal decision in the case of M/s. Bhagwati Silk Mills. Stay petitions and appeals were disposed of accordingly.