1999 (9) TMI 690 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, MADRAS allowed the appeal of the appellant regarding the disallowed Modvat credit. The tribunal dispensed with the pre-deposit requirement of Rs. 2,28,724 and stayed its recovery. The appellant's explanation that M/s. Wiltech India Ltd. is a division of M/s. Asian Cables & Industries was accepted, and Modvat credit cannot be denied based on the consignee shown on the invoices. The tribunal set aside the impugned order and allowed the appeal with consequential relief for the appellants.