1998 (6) TMI 284 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi allowed the appeal filed by cigarette manufacturers regarding Modvat credit. The Tribunal held that the credit should be equal to the duty paid at the rate of 225% ad valorem. The Tribunal cited previous judgments and a Ministry circular to support their decision that there was no cause for restricting the Modvat credit. The impugned order was set aside, and appropriate relief was ordered for the appellants.