2002 (1) TMI 1003 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi allowed the appeal filed by the Appellant against the order passed by the Commissioner (Appeals) regarding Modvat credit on capital goods used for manufacturing tools. The Tribunal held that the appellants are entitled to the Modvat credit based on previous decisions where capital goods used for exempted intermediate products were eligible for credit if duty was paid on the final product. The impugned order was set aside, and the appeal was allowed.