1996 (11) TMI 249 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai modified its earlier order to waive the pre-deposit of duty on fork lift trucks and mobile cranes. The Tribunal considered the recent decision in C.C.E. v. MM Forgings Ltd., which deemed cranes as 'Capital Goods' eligible for Modvat credit. The applicant was directed to execute a bank guarantee for the duty amount within two months.