1999 (12) TMI 165 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi dismissed the appeal by the Revenue challenging the Commissioner's decision to allow Modvat credit on Carbide Slot Cutters used in the manufacture of hosiery and knitting needles. The Commissioner's decision was upheld based on Rule 57D(2) of the Central Excise Rules, 1944. The appeal was found to be devoid of substance and was dismissed.