2001 (11) TMI 527 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai allowed an appeal by an assessee against denial of Modvat credit for moulds used in manufacturing glass bottles. The Tribunal held that Modvat credit cannot be denied as moulds are considered intermediate products under Rule 57D(2) of the Central Excise Rules. The appeal was allowed, and consequential relief was ordered.