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of <h1>Appellate Tribunal partially allows appeal on disallowed Modvat credit for capital goods. Penalties reduced.</h1> <h3>AMTEK AUTO LTD. Versus COMMISSIONER OF CENTRAL EXCISE, NEW DELHI</h3> AMTEK AUTO LTD. Versus COMMISSIONER OF CENTRAL EXCISE, NEW DELHI - 2001 (127) E.L.T. 295 (Tri. - Del.) The Appellate Tribunal CEGAT, New Delhi allowed the appeal partially regarding disallowed Modvat credit of Rs. 22,20,301 on capital goods not found physically in the premises. The goods were shifted to a sister unit without proper procedure, leading to penalties imposed on the company and the Deputy Manager (Accounts). The penalties were reduced considering the reversal of a portion of the credit immediately after detection of the contravention.
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