2000 (4) TMI 224 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi disposed of 41 appeals where Modvat credit was accepted but penalty imposed was deemed unjustified. The Tribunal ruled that penalty for wrong availment of Modvat credit under Rule 173Q was unwarranted when there was no violation of rules. Consequently, all 17 appeals were allowed, and stay petitions were also disposed of accordingly.