2001 (3) TMI 686 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai waived the pre-deposit of duty and penalty, allowing the appeal. Credit of Rs. 61,200/- was allowed as valid duty paid documents. Another credit of Rs. 49,350/- on storage tanks was also deemed admissible as capital goods under a specific exemption notification. The order of denial of credit and penalty was set aside, and the appeal was allowed.