2001 (1) TMI 481 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Kolkata allowed the Stay Petition filed by M/s. Techno Commerce, Calcutta, dispensing with the pre-deposit of duty demand of Rs. 8,308.00 disallowed as Modvat credit and penalty of Rs. 400.00. The Tribunal found that the declaration of 'Local Control Station' by the company adequately covered the product 'Push Button Station', and hence, the denial of Modvat credit was unjustified. The Tribunal ordered that the duty and penalty shall not be recovered during the appeal process.