2000 (4) TMI 272 - AT - Central Excise

Summary

The Revenue appealed regarding Modvat credit on cylindrical vertical tanks for chemical storage. The Assistant Commissioner disallowed credit, but the Commissioner (Appeals) allowed it based on a Tribunal decision. The Revenue argued tanks were not used in processing goods, but the Tribunal upheld the decision, citing previous cases. The appeal was dismissed, affirming the Commissioner's decision.