1999 (9) TMI 322 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi directed recovery of deemed credit of Rs. 18,53,225.18 from the applicants for wrongly availed credit on steel plates and sheets. A penalty of Rs. 50,000/- was imposed. The Tribunal found substance in the applicants' contentions and waived the pre-deposit of duty and penalty pending appeal.