2000 (11) TMI 454 - AT - Central Excise

Summary

The judgment by Appellate Tribunal CEGAT, New Delhi involved an application for waiver of duty and penalty related to Modvat credit for finger tips under Central Excise Rules. The issue was whether the finger tips qualified for Modvat credit as input or as capital goods. The tribunal directed the applicants to deposit Rs. 50,000 within six weeks, with the remaining duty and penalty waived for appeal hearing. Compliance was set for 18-1-2001.