1999 (6) TMI 240 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Calcutta ruled that Modvat credit can be claimed for defective final products remelted and reused as input, based on various judicial precedents. The Tribunal rejected the Revenue's appeal, citing settled law that Board's Circular cannot replace legal precedents. The appeals by the Revenue were dismissed, and the cross-objection by the respondents was also disposed of.