2002 (10) TMI 698 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Kolkata allowed the respondent's appeal, overturning the lower authority's decision to disallow Modvat credit. The Commissioner (Appeals) held that Notification No. 14/96 is retrospective, following Tribunal decisions. The Revenue's appeal was rejected as the Tribunal's decision stands despite a reference application filed in the High Court.