2000 (3) TMI 284 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi ruled on the availability of Modvat credit amounting to Rs. 9,387 on an air circuit breaker. The original authority disallowed the credit, but the Commissioner (Appeals) allowed it based on a previous Tribunal decision. The Tribunal upheld the decision, stating that the Modvat credit is admissible to the respondents. The Revenue appeal was rejected.