2000 (11) TMI 351 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi allowed the waiver of pre-deposit of Rs. 17,12,000 and penalty amount in a case where Modvat credit was disallowed under Rule 96ZL. The tribunal held that since Rule 96ZL was repealed without a saving clause, the duty confirmation lapses. The decision was based on the precedent set by the Hon'ble Supreme Court in M/s. Kohlapur Cane Sugar Works Ltd. v. Union of India.