2005 (9) TMI 482 - AT - Central Excise

Summary

The judgment by the Appellate Tribunal CESTAT, Mumbai addressed the eligibility of Modvat credit on inputs used in manufacturing final goods cleared to 100% EOU without duty payment. The Commissioner (Appeals) allowed the Modvat credit based on a clarificatory amendment with retrospective effect. The Department argued for prospective application of the Notification but the appeal was dismissed as the Commissioner's decision was deemed legally sound.