2000 (12) TMI 681 - AT - Central Excise

Summary

The judgment by Appellate Tribunal CEGAT, Kolkata involved Modvat credit denial due to late filing of declaration. The delay was explained and deemed reasonable, leading to the duty demand of Rs. 1,270 being set aside. Another credit availed on 12-12-1997 was rejected, but the tribunal found the Revenue's objection unjustified as the credit could have been availed on 15-12-1997 after filing the declaration. The appeal was allowed, and the penalty of Rs. 1,000 was also set aside.