1997 (5) TMI 239 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi allowed the rectification of mistake application filed by M/s. K.G. Khosla Compressors Ltd. regarding the eligibility of Modvat credit for foundry chemicals used in sand moulds. The Tribunal referred to the Larger Bench decision in Ramakrishna Steel Industries Ltd. case and held that the chemicals used in sand moulds are used in relation to the manufacture of steel castings. The appeal was allowed based on this decision.