2001 (7) TMI 549 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi considered a case involving Modvat Credit on inputs used in manufacturing welding electrodes cleared without duty payment. The appellant contested a penalty of Rs. 50,000 imposed on them. The Tribunal found that the appellant was not guilty of deliberately evading Central Excise Duty due to uncertainty in the law at the time. The penalty was deemed unjustified and vacated, with the appeal allowed.