1997 (2) TMI 309 - AT - Central Excise

Summary

The case involves a dispute over Modvat credit on inputs used in the manufacture of Alkyd Resins cleared at nil rate of duty to sister concerns. The Department invoked Rule 57C to deny the credit. The appellants' argument that the resins were ultimately used in products subject to duty was rejected. The appeal was dismissed by the Appellate Tribunal CEGAT, Mumbai.