Appellate Tribunal overturns denial of Modvat credit, deems appellants eligible for credit on inputs.

The Appellate Tribunal CESTAT, Kolkata allowed the appellants' appeal, overturning the denial of Modvat credit and penalty imposition. The appellants were deemed eligible for the credit on inputs received and utilized, resulting in the reversal of the initial decision.

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The Appellate Tribunal CESTAT, Kolkata allowed the appeal of the appellants regarding denial of Modvat credit and imposition of a penalty. The appellants were found eligible for the credit on the inputs received and used by them, leading to the setting aside of the impugned order.

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