1998 (4) TMI 333 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, CALCUTTA allowed the appellant's Stay Petition unconditionally, waiving the demand of Rs. 75,40,634/- and a penalty of Rs. 10,000/-. The Tribunal found that the goods did not need to come directly from Bokaro Steel Plant to the appellant's factory by trucks for mentioning truck numbers in the invoices. The goods came by railway wagons to the railway siding and were transported a short distance to the factory, justifying the Modvat credit availed by the appellant.