2003 (8) TMI 451 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Chennai allowed the appeal by remanding the case back to the original authority for reevaluation. The issue was regarding the grant of Modvat credit for Mono-layer Polyethylene (Agri-film) used in a phosphoric acid plant. The Tribunal found that the original authority did not provide a specific finding on whether the items qualified as components, spare parts, or accessories for Modvat credit. The matter was remitted back for fresh examination in light of relevant circulars.