2003 (3) TMI 641 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, New Delhi allowed Modvat credit to M/s. Pasupati Haryana Woollens Ltd. based on valid subsidiary gate passes issued by the Range Superintendent. However, Modvat credit was denied for goods received as Tops instead of Tows as per the original gate passes. The Revenue's appeal was allowed in this regard, but no penalty was imposed on the respondents.