1997 (5) TMI 157 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi upheld the Collector's order allowing Modvat credit for material used in steel ingots despite procedural infractions. The Tribunal emphasized that substantive benefits should not be denied for minor procedural errors. However, the assessees were held liable for penalty due to not strictly following prescribed procedures, with the penalty reduced to Rs. 4,000.