2015 (10) TMI 348 - SCH - Central Excise

Denial of MODVAT Credit - injunction moulding machine - Supreme Court dismissed the appeal filed by the Revenue against the decision of Tribunal 2005 (2) TMI 613 - CESTAT, CHENNAI since no substantial amount is involved. In the impugned order Tribunal held that in respect of the goods for the manufacture of which the subject machine was used, demand of duty was raised and the appellants have since conceded such demand. Where the final products were duty-paid, the manufacturer was entitled to Modvat credit on eligible capital goods used for the manufacture of such products.

Summary

The Supreme Court dismissed the appeal, as most issues were decided in favor of the Revenue. The Customs, Excise and Service Tax Appellate Tribunal allowed Modvat credit on "injection moulding machine" for the assessee.