2001 (2) TMI 724 - AT - Central Excise

Summary

The judgment by the Appellate Tribunal CEGAT, Kolkata dealt with the issue of whether Modvat credit is reversible or demandable for inputs used in manufacturing finished jute products cleared for export without duty payment. The Tribunal upheld that Modvat credit cannot be reversed in such cases, rejecting the appeals filed by the Revenue.