2001 (11) TMI 91 - HC - Central Excise

Summary

The respondent claimed Modvat credit for an amount disallowed by the adjudicating authority. The Commissioner (Appeals) accepted the appeal, but the Revenue's petition for reference to the High Court was dismissed. The Tribunal upheld the claim, stating that the quantity sold was specified, and Modvat credit was claimed only for the delivered quantity. The total amount involved was Rs. 10392.32P, and no provision of law was violated. The High Court found no grounds to grant the Revenue's prayer and dismissed the petition.