Appellate Tribunal allows Revenue's appeal on Modvat credit for explosives The Appellate Tribunal CEGAT, New Delhi allowed the Revenue's appeal regarding Modvat credit for explosives used in mines by M/s. Prism Cement Ltd. The ...
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Appellate Tribunal allows Revenue's appeal on Modvat credit for explosives
The Appellate Tribunal CEGAT, New Delhi allowed the Revenue's appeal regarding Modvat credit for explosives used in mines by M/s. Prism Cement Ltd. The Tribunal set aside the Commissioner of Central Excise (Appeals) decision due to a Larger Bench ruling, restoring the original order by the Asstt. Commissioner of Central Excise (Appeals), Satna. No penalty was imposed, and the duty amount involved was Rs. 44,712.00.
The Appellate Tribunal CEGAT, New Delhi allowed the appeal filed by the Revenue in the case involving Modvat credit for explosives used in mines by M/s. Prism Cement Ltd. The Tribunal set aside the decision of the Commissioner of Central Excise (Appeals) as it was overruled by a Larger Bench decision. The amount of duty involved was Rs. 44,712.00, and no penalty was imposed. The order-in-original passed by the Asstt. Commissioner of Central Excise (Appeals), Satna was restored.
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