2000 (7) TMI 190 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Kolkata ruled in favor of the respondent, M/s. TISCO, allowing them to avail Modvat credit on imported raw materials transferred within their own divisions. The Tribunal cited a Board's Circular to support their decision, stating that the conditions for availing credit were satisfied. The Tribunal distinguished the case from a previous decision involving endorsement of invoices between independent manufacturers. The Revenue's appeal was rejected.