2005 (2) TMI 221 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Chennai allowed the appeal of a textile machinery manufacturer who had incorrectly taken Modvat credit of about Rs. 10,000 for inputs supplied to a 100% EOU without payment of duty, as the supply was made in accordance with a CT-3 Certificate issued by the Central Excise authorities. The Tribunal held that the credit taken was legitimate and set aside the impugned order.