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of <h1>Appellate Tribunal upholds dismissal of Revenue's appeal on Modvat credit for capital goods</h1> <h3>COMMISSIONER OF C. EX. & CUS., BELGAUM Versus VISHAL COTSPIN LTD.</h3> The Revenue's appeal on Modvat credit for capital goods was dismissed by the Appellate Tribunal CEGAT, Bangalore, citing prior decisions, including one by ... Modvat/Cenvat - Modvat on capital goods The Revenue's appeal regarding Modvat credit on capital goods was dismissed by the Appellate Tribunal CEGAT, Bangalore. The Tribunal found that the issue had already been decided in previous cases and hence upheld the appeal filed by the party. The appeal was dismissed based on previous decisions, including one by the Supreme Court.
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