1997 (12) TMI 245 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi ruled in favor of the respondent, who was manufacturing copper insulated winding wires and availing Modvat credit of CVD paid on copper. The Assistant Collector disallowed the deduction, but the Collector (Appeals) set aside the demands. The Tribunal found that duty should only be payable on the net price realized by the buyer after deducting the Modvat credit amount from the gross price. The appeal by the Department was dismissed.