2002 (5) TMI 734 - AT - Central Excise

Summary

The appeal was filed by M/s. Shree Raj Texchem Ltd. against the disallowance of Modvat credit on capital goods. The Commissioner (Appeals) exceeded jurisdiction by directing payment of Rs. 2,05,017/- when the relief claimed was Rs. 59,597/-. The Appellate Tribunal allowed the appeal, citing relevant case laws supporting the admissibility of Modvat credit on tools.