1998 (3) TMI 205 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai allowed the appeal filed by the appellant against the Collector (Appeals) decision, holding that the assessee was entitled to take Modvat credit of duty paid on inputs used for manufacturing pharmaceutical products even if they were rendered as waste in the manufacturing process. The Tribunal disagreed with the Collector (Appeals) interpretation of Rule 57D, stating that the credit should not be denied for waste arising during the manufacturing process. The appeal was allowed, and the impugned order was set aside.