1993 (8) TMI 202 - AT - Central Excise

Summary

The appeal was against the rejection of Modvat credit taken by the appellants for job work done for M/s. Jyoti Structures. The Tribunal allowed the appeal, stating that the deemed Modvat credit facility is available for stock transfers as well as purchases, as clarified by the CBEC circular. The appellants were entitled to the deemed credit, and it was restored to them. (Citation: 1993 (8) TMI 202 - CEGAT, BOMBAY)