2003 (10) TMI 434 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, New Delhi granted waiver of pre-deposit and stay of recovery in a case involving duty of Rs. 1,61,866/- and penalty of Rs. 7,500/- for the period of February and March, 1994. The denial of Modvat credit was based on invoices from a non-existent firm, M/s. Rama Steel Trader, without sufficient evidence. The appeal is scheduled for hearing on 12-12-2003.