2002 (12) TMI 424 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai allowed the appeal filed by a pharmaceutical manufacturer for refund of Modvat credit on duty paid for inputs used in exported products. The Tribunal held that the manufacturer was entitled to the refund as the conditions of Notification 16/97 did not prohibit availing Modvat credit for exported products. The order of the Commissioner (Appeals) denying the refund was set aside.