1997 (5) TMI 156 - AT - Central Excise

Summary

The judgment concerns the admissibility of Modvat credit on chemicals used in cooling water for manufacturing Noylon. The Tribunal admitted the appeal for regular hearing, citing precedent that such chemicals are eligible for Modvat credit as they are essential for the manufacturing process. The appellant was granted a waiver of pre-deposit of the amount involved and penalty during the appeal process.