1996 (4) TMI 330 - AT - Central Excise

Summary

The appeal was admitted after inputs were cleared from a Private Bonded Warehouse under Ex bond Bill of Entry. The department objected to the endorsement on the Bill of Entry transferring goods to the appellant without a certificate from the Supdt. However, the Tribunal found that the endorsement was authorized by the Board for high sea sales, allowing the appeal and reversing the Modvat credit reversal and penalty imposed on the appellant.