2001 (8) TMI 245 - AT - Central Excise

Summary

The appellant imported machinery components, paid duty, later found short payment, paid additional duty, and took Modvat credit. The issue was denying credit taken beyond six months. Tribunal found the post bill of entry duty credit valid as taken within six months. Penalty was set aside as appellant's action was based on imperfect understanding of the law. Appeal allowed, impugned order set aside.