2000 (4) TMI 569 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai dismissed the appeal challenging the denial of Modvat credit by the Collector (Appeals) for duty paid on finished products returned for reprocessing. The Tribunal held that the processing did not result in the manufacture of a new product, and the Modvat credit was not in line with the scheme's objective of avoiding double taxation. The appeal was dismissed as the Collector's findings were logical and correct.