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<h1>Tribunal allows appeal on Modvat credit for defective coils, penalty overturned</h1> <h3>GM BALCO Versus COMMISSIONER OF CENTRAL EXCISE, RAIPUR</h3> The Tribunal allowed the appeal against the denial of Modvat credit on defective Aluminium HRP coils returned by customers, holding them to be inputs. The ... Modvat/Cenvat - Defective goods The appeal was filed against the denial of Modvat credit on defective Aluminium HRP coils returned by customers. The Tribunal held that the returned coils were inputs, allowing the Modvat credit and setting aside the penalty imposed by the Commissioner. The appeal was allowed.