2000 (5) TMI 740 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Kolkata considered a stay petition regarding the disallowance of Modvat credit. The appellants argued that the credit was disallowed due to discrepancies in truck numbers on invoices and challans, but they had proof of receipt of inputs. The Tribunal found in favor of the appellants, stating that there was no suppression and dispensed with the condition of pre-deposit of duty and penalty.