2000 (7) TMI 728 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Kolkata ruled in favor of the respondent, M/s. TISCO, allowing them to avail Modvat credit on endorsed bill of entries from their own division. The Tribunal cited a Board's Circular to support their decision, stating that the conditions for credit were satisfied. The Tribunal distinguished the case from a previous decision involving endorsement of invoices between independent manufacturers. The appeal by the Revenue was rejected.