2003 (9) TMI 596 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, New Delhi allowed the appeal filed by the Appellant against the Adjudication order denying Modvat credit for capital goods. The denial was based on Rule 57R(8), which was later amended retrospectively by the Finance Act, 2003, leading to the deletion of the provisions on which the denial was based. The impugned order was set aside, and the appeal was allowed.