2004 (12) TMI 491 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Bangalore allowed Modvat credit on Conveyor Belt, Ropes, and Flexible Element partly used in mines and partly in a cement factory. The Tribunal held that items exclusively used in mines are not entitled to Modvat credit. The Commissioner (Appeals) was directed to re-determine Modvat credit entitlement based on this decision.