2002 (1) TMI 1243 - AT - Central Excise

Summary

The appeal was filed against the denial of Modvat credit for I.C. Engines and Parts by the Commissioner (Appeals), Mumbai. The appellant availed credit based on valid documents but later issued debit notes due to suppliers paying duty on a higher value. The excess credit availed was deemed inadmissible. The Tribunal ruled in favor of the appellant based on previous decisions, setting aside the Commissioner's order and allowing the appeal. Consequential relief was also ordered.