1999 (5) TMI 214 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai ruled in favor of the respondents, allowing Modvat credit for M.G. Poster paper and printing ink used in manufacturing printing waxed paper exempted under Notification No. 217/86. The Tribunal held that Modvat credit is available for goods used in relation to final products, not just in the manufacture of final products. The appeal by the department was dismissed based on the judgment of the Madras High Court regarding Modvat credit eligibility for inputs like printing ink.