2000 (5) TMI 697 - AT - Central Excise

Summary

The appeal was filed against the order confirming reversal of Modvat credit and penalty imposed. The appellant had already reversed a lesser amount before the show cause notice. The Tribunal found the appellant not entitled to Modvat credit on inputs for exempted products. Penalties were set aside, and the case was remanded for redetermination of the amount to be reversed.