Waiver of duty & penalty granted in Modvat credit case by CESTAT Tribunal

The Appellate Tribunal CESTAT, New Delhi granted waiver of pre-deposit of duty and penalty to the appellant, M/s. Sangam Spinners, in a case involving denial of Modvat credit for capital goods transferred to another division, Sangam Power. The Tribunal considered that no machinery was actually transferred and found the appellant's case strong in their favor. Case adjourned to 15th September, 2004.

---

---

The Appellate Tribunal CESTAT, New Delhi granted waiver of pre-deposit of duty and penalty to the appellant, M/s. Sangam Spinners, in a case involving denial of Modvat credit for capital goods transferred to another division, Sangam Power. The Tribunal considered that no machinery was actually transferred and found the appellant's case strong in their favor. Case adjourned to 15th September, 2004.

---