2000 (9) TMI 760 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Kolkata overturned the denial of Modvat credit to the respondents, stating that the invoices issued by dealers were valid for availing the credit. Penalties imposed on the dealers for issuing invoices without supplying raw materials were also overturned. The Tribunal found that the dealers' invoices were proper for Modvat credit, leading to the rejection of the Revenue's appeals.