CESTAT Chennai: MODVAT Credit Extended for Preparatory Machine in Cotton Yarn Production The Appellate Tribunal CESTAT, Chennai upheld the extension of MODVAT credit on preparatory machine used in the manufacture of cotton yarn. The decision ...
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CESTAT Chennai: MODVAT Credit Extended for Preparatory Machine in Cotton Yarn Production
The Appellate Tribunal CESTAT, Chennai upheld the extension of MODVAT credit on preparatory machine used in the manufacture of cotton yarn. The decision was based on a previous order regarding duty paid on capital goods used in manufacturing cotton yarn. The appeal by the Revenue was rejected.
The Appellate Tribunal CESTAT, Chennai upheld the extension of MODVAT credit on preparatory machine used in the manufacture of cotton yarn. The decision was based on a previous order regarding duty paid on capital goods used in manufacturing cotton yarn. The appeal by the Revenue was rejected.
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