2002 (2) TMI 1086 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi allowed the appeal regarding deemed Modvat credit denial due to non-payment of interest on delayed Central Excise duty by the supplier. The decision was based on a previous case where non-payment of interest was not considered as non-payment of appropriate duty on inputs. The impugned order was set aside.