2004 (11) TMI 108 - SCH - Central Excise

Cenvat/Modvat Credit - Held that - The product purchased by the Appellants were not sheets. They purchased scrap of brass and copper utensils. On these items admittedly no duty was payable. In our view, CEGAT is right in upholding the Order that Appellants were not entitled to Modvat deemed credit - Decided against assessee.

Summary

The Supreme Court upheld the Customs, Excise and Gold (Control) Appellate Tribunal's decision that Appellants were not entitled to Modvat deemed credit for purchasing exempted brass and copper utensils. The Appeal was dismissed with no order as to costs. (Case citation: 2004 (11) TMI 108 - SC)