1999 (1) TMI 148 - AT - Central Excise

Summary

The appeal was filed by the appellants against the denial of Modvat credit amounting to Rs. 3,35,425. The appellants were using beta naphthol for manufacturing finished goods and availing Modvat credit based on invoices. The denial was based on the allegation that Modvat credit on set off duty under Notification 432/86 was not admissible. The Tribunal dismissed the appeal, citing a similar case where Modvat credit was denied in similar circumstances.