2001 (1) TMI 393 - AT - Central Excise

Summary

The appeal filed by M/s. Groz Beckert Asia Ltd. was regarding the availability of Modvat Credit for Tempering Oil and Cutting Oil under Rule 57A. The Tribunal allowed the credit for both oils as they were used in the manufacturing process. The credit for Nickel Catalyst was not pressed and disallowed. The penalty imposed was reduced from Rs. 2,500 to Rs. 1,000. The appeal was partly allowed.