1999 (5) TMI 161 - AT - Central Excise

Summary

The judgment by the Appellate Tribunal CEGAT, Chennai considered whether Modvat credit could be denied if a valid document was issued before 31-3-1994 but the credit was taken after 30-6-1994. The appellant argued that there is no time limit for availing Modvat credit for capital goods. The Tribunal agreed, citing a previous decision, and allowed the appeal, granting consequential relief.