1997 (5) TMI 237 - AT - Central Excise

Summary

The appeal considered whether the appellants were required to reverse the Modvat credit on inputs in finished goods when opting for Notification 1/93. The Tribunal held that there was no provision to force the reversal of Modvat credit, as the duty was paid on finished goods manufactured using the credited inputs. The appeal was allowed. (Case: 1997 (5) TMI 237 - CEGAT, MADRAS)