2005 (6) TMI 196 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, Mumbai upheld the benefit of Modvat credit for inputs even when duty was voluntarily paid on fully exempt goods. The Tribunal decision was followed, stating that it is the assessee's option to avail an exemption. The appeal of the Revenue was rejected, and the order of the Commissioner (Appeals) was upheld. (2005 (6) TMI 196 - CESTAT, MUMBAI)