2001 (6) TMI 541 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, CHENNAI rejected the Revenue's appeal against Order-in-Appeal No. 324/98, stating that Modvat credit on lubricant oil/mobile oil is allowable based on previous judgments. The Tribunal cited the case of C.C.E. v. Modi Rubber Ltd., affirming that Modvat credit on lubricating oils and grease is essential for machinery used in manufacturing final products. The appeal was rejected in light of this decision.