2002 (12) TMI 542 - AT - Central Excise

Summary

The judgment concerns the reversal of Modvat credit upon opting out of the Modvat Scheme for exemption. The appellants are not required to reverse the credit based on a Larger Bench decision and a Kerala High Court judgment. The impugned order is set aside, and the appeal is allowed with consequential relief to the appellants. No decision is made on the appellants' entitlement to Modvat credit under Rule 57H.