2001 (2) TMI 762 - AT - Central Excise

Summary

The appeal was about Modvat credit for tools from 23-7-1996 to 31-8-1996. The Commissioner (Appeals) allowed inputs credit for tools under Rule 57A, but the Appellate Tribunal disagreed. Tools were not considered inputs under Rule 57A, so Modvat Credit was not available. The appeal of the Revenue was allowed, and the impugned Order was set aside.