1998 (6) TMI 259 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai allowed the appeal of the Appellant who was denied exemption for availing Modvat credit on final products cleared duty-free under Notification 263/87. The Tribunal held that the Appellant had reversed the credit of inputs used in exempted final products, and denial of exemption based on Modvat credit availed was not justified as per the Notification's conditions. The impugned order was set aside, and the appeal was allowed.