2003 (4) TMI 349 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi heard an appeal regarding Modvat credit on petroleum products. The revenue contended that credit on furnace oil should be limited to 10% before 1-3-99. However, since the credit was availed after 1-3-99, the respondents were entitled to take credit as per the rules at that time. The appeal was rejected, finding no issue with the order-in-appeal.