2009 (9) TMI 562 - HC - Central Excise

Penalty Cenvat/Modvat credit on welding electrodes. Matter not free from doubt as Tribunal taken conflicting view and ultimately Larger Bench resolved issue. Held that Tribunal rightly deleted penalty in impugned order.

Summary

The Allahabad High Court dismissed the appeal regarding MODVAT credit on duty paid on welding electrodes. The Tribunal deleted the penalty, and the court found no substantial question of law.