2002 (5) TMI 621 - AT - Central Excise

Summary

The judgment by Appellate Tribunal CEGAT, Kolkata allowed the appeal of the appellant, engaged in manufacturing aluminum wires, to use Modvat credit for duty payment on wires made from aluminum rods received without duty payment. Precedent decisions and a Board circular supported the use of accumulated credit for duty payment, regardless of direct input-product correlation. The Revenue's objection was deemed unjustified, and both appeals were allowed with relief to the appellants.