1994 (3) TMI 238 - AT - Central Excise

Summary

The appeal was filed against Order in Original No. 77/93-Collr. dt. 24-11-1993 for misuse of Modvat credit. The appellants used the credit for U & T bolts and eye nuts instead of automobile springs. Penalty of Rs. 10,000 imposed. Appellant agreed to pay and seek refund for duty paid. Penalty set aside as no mala fide intent found. Stay application and appeal disposed of accordingly.