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Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2005 (1) TMI AT This

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2005 (1) TMI 143 - AT - Central Excise

The Appellate Tribunal CESTAT, Mumbai allowed the application stating that interest cannot be levied on Modvat credit lying unutilized and ordered to be reversed. Fuel oil and food stuff on board ship are not eligible for Modvat credit. The applicants are not liable to pay interest on unutilized credit.

 

 

 

 

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