1995 (3) TMI 266 - CEGAT, NEW DELHI

Extract:
.......ngs Mills and Saphire Steel, we hold that the appellants are entitled to the Modvat Credit, as claimed by them. 38. emsp We also find that there is no justification for imposing penalty in these appeals, as there has been no suppression or any intention to evade duty. 39. In the result, the impugned orders are set aside and the appeals are allowed.