2002 (3) TMI 759 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi heard a Revenue appeal regarding Modvat credit on plain plates and rock wool used in manufacturing chimney and storage tanks. The Commissioner (Appeals) had allowed the credit, but the Tribunal held that it is not admissible based on previous decisions. The appeal was allowed, and the Modvat credit of Rs. 2,99,817/- was deemed inadmissible.