2000 (4) TMI 666 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Kolkata confirmed a demand of Rs. 14,78,517.30 and a penalty of Rs. 10,000 on the appellants for not including the value of free supplied items by Railways in the final product. The Tribunal ruled that the appellants are entitled to Modvat credit for duty paid on the free supplied items, setting aside the penalty and remanding the matter for re-quantification of duty demand.