2002 (1) TMI 985 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi dismissed the Revenue's appeal against the Commissioner (Appeals) decision to allow Modvat credit based on gate passes issued before 1-4-94 but endorsed after this date. The Tribunal cited a previous CEGAT order and a Gujarat High Court judgment supporting this decision. The Board's circular also clarified the validity of such gate passes for availing credit. The appeal was dismissed, stating that pending reference petitions in other High Courts were not sufficient grounds to ignore settled judgments.