2001 (3) TMI 430 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi ruled in favor of the applicants, who were manufacturers of steel ingots. The Department demanded reversal of Modvat credit taken on inputs used after switching to the Compounded Levy Scheme, but the Tribunal found the demand not applicable. The applicants were granted a waiver of pre-deposit and a stay of recovery pending appeal.