2007 (5) TMI 120 - AT - Central Excise

Cenvat/modvat - Credit were disallowed to appellant on the ground that six months have elapsed between the time when the duty paying documents were issued and credit was taken - Held that disallowance not acceptable on the ground the Board itself has issued the clarificatory circular after more than a year

Summary

The Appellate Tribunal CESTAT, Kolkata allowed the appeal regarding Modvat credit on lubricating oil received by the appellants. The Board's Circular issued on 3-11-98 clarified that credit should not be denied under Rule 57A. The impugned order disallowing credit was set aside, and the appellants were allowed to utilize the credit. The appeal was allowed.