2000 (3) TMI 727 - AT - Central Excise

Summary

The judgment by Appellate Tribunal CEGAT, Mumbai involved waiver of deposit of duty of Rs. 3,96,477 and penalty of Rs. 1.30 lakhs. The duty was demanded due to denial of Modvat credit on power driven pumps, which was considered as manufacturing activity. The tribunal approved the classification list filed by the applicant and waived the deposit and penalties imposed.