2000 (7) TMI 187 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai granted waiver of pre-deposit of duty amounting to Rs. 17,05,179/- and penalty of equivalent amount in a case involving Modvat facility credit. The tribunal found that the assessing officer should have disallowed the wrong credit at the initial stage, and the demand was not upheld due to lack of suppression. The appeal was allowed with consequential relief based on the conscious knowledge of the department.