1997 (1) TMI 326 - AT - Central Excise

Summary

The appeal was allowed by the Appellate Tribunal CEGAT, CALCUTTA. Modvat credit disallowed to the appellant was allowed. Penalties imposed were also set aside. The denial of Modvat credit was based on a narrow view and procedural lapses, which were condoned. The appellant's declaration of 'Bearings' covered 'Tapper Roller Bearings'. The invoices issued from the Head Office godown were subsequently registered. The appeal was allowed with consequential relief to the appellants.