1997 (12) TMI 362 - AT - Central Excise

Summary

The appeal dealt with whether an assessee under the Modvat credit scheme can take credit on inputs received after 6 months. The Respondents took credit belatedly, leading to a demand for recovery. The Commissioner (Appeals) allowed the appeal, but the Tribunal set aside the decision, stating that Modvat credit must be taken within 6 months. The appeal was allowed in favor of the Asstt. Commissioner.