Appellate Tribunal rules in favor of appellant firm on Modvat credit for capital goods.

The Appellate Tribunal CEGAT, Calcutta allowed the appeal in favor of the appellant firm regarding Modvat credit on capital goods. The Tribunal directed that the Modvat credit should be allowed on the original copy of the invoice despite a rectifiable defect of non-endorsement by the H.O. Duty was paid on the capital goods, and the appeal was allowed with consequential relief to the appellant firm.

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The Appellate Tribunal CEGAT, Calcutta allowed the appeal in favor of the appellant firm regarding Modvat credit on capital goods. The Tribunal directed that the Modvat credit should be allowed on the original copy of the invoice despite a rectifiable defect of non-endorsement by the H.O. Duty was paid on the capital goods, and the appeal was allowed with consequential relief to the appellant firm.

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