2001 (5) TMI 277 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai heard four appeals filed by the Revenue regarding Modvat credit wrongly taken by the respondent assessees. The Commissioner (Appeals) reversed the orders and allowed the appeals, but the Revenue filed new appeals. The Tribunal dismissed the appeals, stating that the goods were spares or replacement parts for capital goods and the appeals were frivolous. The stay applications were also disposed of.