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<h1>Appellate Tribunal Upholds Credit for Capital Goods Pre-1994 | Board Circular Ruling |</h1> The Appellate Tribunal CEGAT, Chennai upheld the Commissioner's decision in Order-in-Appeal No. 80/2001, allowing the appellant to take credit for capital ... Modvat/Cenvat The Appellate Tribunal CEGAT, Chennai upheld the Commissioner's decision in Order-in-Appeal No. 80/2001, stating that the appellant filed a declaration under Rule 57T for capital goods, but the Department delayed acknowledging it. The Tribunal ruled that the credit can be taken before 31-12-94 based on Board's circular. The Revenue's appeal was rejected as the Tribunal's rulings are binding.