2000 (11) TMI 433 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi heard the case of waiver of duty and penalty amounting to Rs. 4,41,235/- imposed on the appellant. The appellant availed Modvat credit based on fake documents from a closed company. The appeal was initially dismissed as time-barred, but considering financial hardship, the appellant was directed to deposit Rs. 1 lakh within 8 weeks for waiver of the remaining duty and penalty. Compliance was set for 25-1-2001.