1999 (6) TMI 93 - AT - Central Excise

Summary

The appellate tribunal in Mumbai heard a case where the assessees declared "Palladium" as an input under Rule 57G, but the actual inputs received were "5% palladium-on-carbon-catalyst" classified under sub-heading 3815.00. The lower authority denied credit and imposed a penalty, which was upheld by the Commissioner (Appeals). The appellant argued that they had not taken Modvat credit in a mala fide manner, citing a tribunal judgment. The tribunal waived the pre-deposit condition of the penalty amount of Rs. 20,000 during the appeal's pendency.