1998 (2) TMI 228 - AT - Central Excise

Summary

The Revenue appealed against the order allowing Modvat credit on diesel oil used in manufacturing but not for electricity generation. The Tribunal allowed the appeal, stating Modvat credit is not available for oil used in generating electricity. The decision was based on previous rulings regarding eligibility of Modvat credit for different purposes. The appeal was allowed as the respondents were using light diesel oil for electricity generation, not manufacturing.