2003 (4) TMI 175 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai ruled that a manufacturer can use credit earned for goods manufactured on behalf of a loan licensee for payment of duty on goods manufactured by themselves. The Tribunal held that instructions from the board did not prevent this utilization of credit. The appeal was dismissed as the respondents were entitled to use the Modvat credit regardless of its origin.