1997 (4) TMI 302 - AT - Central Excise

Summary

The issue in this case is whether coated abrasive paper is entitled to Modvat credit. The original authority denied the credit, but the lower appellate authority disagreed. The Tribunal's previous decisions support the lower appellate authority's stance. The coated abrasive paper is not considered a tool and is used in relation to the manufacture of the final product. The appeal of the Revenue is dismissed based on the Division Bench judgment, and the cross objection filed by the assessee is disposed of.