2000 (5) TMI 477 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Chennai rejected the Revenue's stay application regarding Modvat credit disallowed by the original authority. The Tribunal upheld the decision of the Commissioner (Appeals) based on the retrospective availability of the Explanation to the statute under Rule 57A(1). The stay application was rejected, and the appeal was also rejected.