2003 (6) TMI 383 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, New Delhi upheld the Commissioner (Appeals) order allowing Modvat credit on disputed items. The Tribunal overruled the decision in J.K. Pharmachem Ltd. and ruled that parts of capital goods are eligible for Modvat credit. Modvat credit on original invoice was allowed as the Assistant Commissioner did not respond within the specified time period, and goods were utilized for production. The appeal by the Revenue was dismissed.