2003 (5) TMI 111 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Mumbai allowed the appeal regarding Modvat credit on re-imported cotton fabrics. The lower authorities denied the credit based on a customs duty notification, but the Tribunal clarified that the duty paid was equivalent to central excise duty and allowed the Modvat credit. The Tribunal set aside the lower authorities' decision and ruled in favor of the appellants.