1997 (4) TMI 140 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi ruled in favor of the appellant, dispensing with the pre-deposit of duty and penalty. The issue of delay in taking Modvat credit was condonable as per a circular by the Central Board of Excise and Customs. The goods were considered capital goods based on a Chartered Engineer's certificate. The stay petition was disposed of accordingly.