2000 (8) TMI 839 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Kolkata disposed of appeals by M/s. Steel Authority of India and Revenue regarding Modvat credit on capital goods. The Tribunal set aside the Commissioner's order, stating that capital goods could not be reduced to scrap within a short period. The matter was remanded for further verification. The Tribunal allowed the appeals filed by M/s. S.A.I.L. and the question of penalty amount was left to be decided by the Commissioner in the remand proceedings.