2001 (12) TMI 575 - AT - Central Excise

Summary

The appellate tribunal in New Delhi ruled that Modvat credit of duty paid on castings is available to M/s. J.M.P. Industries. The tribunal found that the broad description of the inputs declared matched the description in the invoices, allowing the credit. The tribunal also noted an amendment to Rule 57G, preventing denial of credit for incomplete declarations. The appeal by Revenue was rejected, and cross objections by the Respondents were disposed of with no other points raised.