2004 (5) TMI 500 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Mumbai ruled that Modvat credit of CVD paid on capital goods can be claimed even if the goods were installed at a different location than initially mentioned. The appellant imported goods for one unit but diverted some to another unit, claiming 50% Cenvat credit. The denial of credit based on Project Import Regulation violation was deemed unjustified. The appeal was allowed, overturning the Commissioner's decision.