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<h1>Appellate Tribunal rules in favor of Modvat credit for ammonia used in Nitric Acid production</h1> The Appellate Tribunal CEGAT allowed the appeal against the denial of Modvat credit on ammonia used in the manufacture of Nitric Acid, citing that ... Modvat - Intermediate product The Appellate Tribunal CEGAT, Mumbai allowed the appeal against the denial of Modvat credit on ammonia used in the manufacture of Nitric Acid. The denial was based on a technical ground under Rule 57D, which was later amended to include goods chargeable to 'nil' rate of duty. The Tribunal set aside the denial of credit, citing a previous decision and holding that 'charged to nil rate of duty' means no duty is actually charged. The appeal was allowed.