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<h1>Appellate Tribunal Allows Modvat Credit for Goods Cleared to 100% EOU</h1> The Appellate Tribunal CESTAT, Mumbai upheld the Commissioner (Appeals) decision allowing Modvat credit on inputs used in manufacturing goods cleared to ... Interpretation of statute - Notification No. 4/92-C.E. (N.T.) The judgment by the Appellate Tribunal CESTAT, Mumbai addressed the eligibility of Modvat credit on inputs used in manufacturing final goods cleared to 100% EOU without duty payment. The Commissioner (Appeals) allowed the Modvat credit based on a clarificatory amendment with retrospective effect. The Department argued for prospective application of the Notification but the appeal was dismissed as the Commissioner's decision was deemed legally sound.