2001 (6) TMI 537 - AT - Central Excise

Summary

The appeal was filed by a manufacturer under Chapter No. 32.38 and 39 of Central Excise Tariff Act, 1985, availing Modvat benefit scheme. A show cause notice was issued for denying credit of Rs. 76,11,861, out of which Rs. 54,605 was allowed at the appellate level. The denial of Rs. 21,530 credit was due to the goods being purchased through a trader whose name was not on the invoice. The Collector dismissed the appeal, stating ignorance of the law is not an excuse and exercised discretion under Section 35B of the Central Excise Act, 1944.