2001 (7) TMI 202 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi allowed the appeal regarding denial of Modvat credit of Rs. 65,885/- and penalty of Rs. 5,000. The Tribunal found that all four items - lubricants, electrodes, P.M. Shaft, and disinfectants - were eligible for Modvat credit based on relevant case law. The appeal was allowed, and consequential relief was granted to the appellants.