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of <h1>CEGAT Chennai dismisses revenue appeal on Modvat credit for raw materials citing precedent.</h1> The Appellate Tribunal CEGAT, Chennai dismissed the revenue appeal concerning Modvat credit on raw materials, as the issue had been previously settled in ... Valuation - Precedent The Appellate Tribunal CEGAT, Chennai heard a revenue appeal regarding Modvat credit on raw materials used for manufacturing final products. The issue was found to be covered by previous judgments, including one by a Larger Bench. The appeal was dismissed as the issue was already settled.
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