2004 (5) TMI 421 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, New Delhi heard the case regarding Modvat credit of Rs. 17,123 denied to the appellants for wrongly claiming firecrete and shrimkomp as capital goods. The goods were found not classifiable as capital goods under Tariff Headings 38.15 and 38.23 of the CETA. The penalty imposed on the appellants was reduced to Rs. 1,000, and the impugned order was maintained.