2000 (11) TMI 243 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Kolkata held that furnace oil used for generating electricity, which is further used in the manufacture of final products, is eligible for Modvat credit even before 16-3-1995. The Appellants are entitled to the credit on furnace oil used in this manner. However, the portion of electricity consumed in the township area does not qualify for Modvat credit.