1998 (3) TMI 247 - AT - Central Excise

Summary

The appeal involved the entitlement to Modvat credit on transformer oil used in manufacturing transformers. The Board's circular clarified that the credit is admissible as the oil is included in the final product and necessary for the transformer to function. The Tribunal allowed the appeal, stating that the earlier decision cited was not applicable and Modvat credit cannot be denied based on the circular. The impugned order was set aside, and the appeal was allowed with consequential relief.