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of <h1>Appellate Tribunal Allows Credit for 5% Palladium Catalyst Input</h1> <h3>NARMADA CHEMATUR PETROCHEM. Versus COMMR. OF C. EX. & CUS., VADODARA</h3> The Mumbai appellate tribunal ruled in favor of the appellant, allowing credit for '5% palladium-on-carbon-catalyst' as an input under Rule 57G, ... Stay/Dispensation of pre-deposit - Penalty The appellate tribunal in Mumbai heard a case where the assessees declared 'Palladium' as an input under Rule 57G, but the actual inputs received were '5% palladium-on-carbon-catalyst' classified under sub-heading 3815.00. The lower authority denied credit and imposed a penalty, which was upheld by the Commissioner (Appeals). The appellant argued that they had not taken Modvat credit in a mala fide manner, citing a tribunal judgment. The tribunal waived the pre-deposit condition of the penalty amount of Rs. 20,000 during the appeal's pendency.
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