Modvat credit for inputs allowed despite paying duty on exempt goods. Commissioner bound by tribunal decisions, not CBEC Circulars.

The appellate tribunal upheld the benefit of Modvat credit for inputs despite duty being voluntarily paid on fully exempt goods. The Commissioner (Appeals) is bound by higher tribunal decisions, not by CBEC Circulars. The Revenue's appeal was rejected, and the CCE (A) order was upheld.

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The appellate tribunal upheld the benefit of Modvat credit for inputs even though duty was voluntarily paid on fully exempt goods. The Commissioner (Appeals) is bound by higher tribunal decisions, not by CBEC Circulars. The Revenue's appeal was rejected, and the CCE (A) order was upheld.

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