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of <h1>Taxpayer wins Modvat credit case for chemical input RUSTILD DW in steel manufacturing</h1> <h3>COLLECTOR OF C. EX., MEERUT-I Versus DWARIKANATH STEEL STRIPS LTD.</h3> The Appellate Tribunal CEGAT, New Delhi ruled in favor of the taxpayer, allowing Modvat credit for the chemical input RUSTILD DW used in the manufacturing ... Modvat The Appellate Tribunal CEGAT, New Delhi ruled that the chemical input RUSTILD DW is entitled to Modvat credit as it is directly used in the manufacturing process of steel strips to prevent rust. The Revenue's appeal was dismissed.
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