2001 (2) TMI 360 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Kolkata allowed the Stay Petition unconditionally, dispensing with the condition of predeposit of duty amount disallowed to the applicants for proforma credit availed without permission. The applicants utilized the credit for a different product than specified, but argued both products fell under the same tariff item. The Tribunal agreed with the applicants' submissions.