1997 (2) TMI 303 - AT - Central Excise

Modvat - Utilisation of credit for payment of duty on aerated water after withdrawal of facility

Summary

The Appellate Tribunal CEGAT, CALCUTTA allowed the appeal of the Appellants regarding the utilization of Modvat credit for aerated water after its withdrawal in 1987. The Tribunal held that the Appellants could continue to use the credit as long as aerated water remained dutiable, based on previous decisions, including Tripti Drinks Private Ltd. v. Collector [1993 (63) E.L.T. 101 CEGAT ERB].