1998 (9) TMI 330 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai heard a case regarding denial of Modvat credit to applicants who purchased goods on High Sea Sale basis. The original authority and Collector (Appeals) upheld the denial, resulting in an appeal with a pre-deposit condition. The Tribunal found a strong prima facie case in favor of the applicants, granting unconditional stay and waiver of the demanded amount for final hearing at a later date.