1998 (5) TMI 73 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi ruled that Modvat credit can be availed based on a subsidiary gate pass issued by the Supdt. before April 1, 1994. The Tribunal rejected the appeal by the Revenue, upholding the Commissioner (Appeals) decision to allow the Modvat credit to the assessee as the duty was paid on the inputs and the credit was taken before June 30, 1994.