1999 (10) TMI 200 - AT - Central Excise

Summary

The appellant availed Modvat credit on imported polystyrene. Dispute arose over high seas sale declaration. Assistant Commissioner vacated show cause notice. Collector (Appeals) set aside this decision due to lack of declaration. Appellant made declaration but not in presence of Assistant Commissioner. Tribunal held this lapse should not disentitle credit. Commissioner (Appeals) found Assistant Commissioner's order exceeded prescribed limit of Rs. 50,000. Appeal allowed, impugned order set aside.