2004 (7) TMI 558 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Mumbai rejected the Revenue appeal challenging the Commissioner (Appeals) order allowing Modvat credit on duty paid for packing material used in Texturised Yarn packing. The Tribunal stated that since goods are assessed based on Tariff value, the packing cost inclusion in assessable value does not affect credit eligibility. The appeal was dismissed.