1998 (3) TMI 278 - AT - Central Excise

Summary

The appeal was against disallowing Modvat credit of Rs. 1,02,133.70 and imposing a penalty of Rs. 40,000. The Appellants received goods before 16-3-1995 and took credit on them on 31-3-1995. The Tribunal allowed Modvat credit on most items except SS Stool/Top and SS Cover. The appeal was disposed of in favor of the Appellants with modified orders.