1998 (6) TMI 170 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai granted stay and allowed the appeal, setting aside the Commissioner (Appeals) decision that sleeves used in the manufacture of castings are not eligible inputs for Modvat credit. Precedent decisions established that sleeves are eligible for Modvat credit as binding accessories, contrary to the earlier decision relied upon by the Commissioner (Appeals).