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<h1>CEGAT Upholds Modvat Credit for Chemical Manufacturing</h1> The Appellate Tribunal CEGAT upheld the Commissioner (Appeals) decision allowing Modvat credit on specific items used in manufacturing chemicals. The ... Modvat/Cenvat - Modvat on capital goods The Appellate Tribunal CEGAT, New Delhi upheld the Commissioner (Appeals) decision allowing Modvat credit on specific items used in manufacturing chemicals. The Revenue's appeal was dismissed as the items were deemed to be covered under Rule 57Q based on their functions in the manufacturing process. The judgment referenced a Supreme Court case to support this decision.