1998 (10) TMI 181 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi allowed the appeal in part by remanding the case back to the Assistant Commissioner to re-examine the admissibility of Modvat credit on capital goods amounting to Rs. 2,32,000 and Rs. 22,518. The Tribunal found that the Assistant Commissioner did not provide sufficient reasoning for disallowing the credit and directed a well-reasoned order to be passed after hearing the assessee's case.