CEGAT Mumbai: Modvat Credit Allowed for Customs Duty on PVC Resins

The Appellate Tribunal CEGAT, Mumbai allowed the appeal regarding the Modvat credit of additional duty of customs on polyvinyl chloride resins received at different factories. The Tribunal held that credit can be taken by either factory as long as the total credit does not exceed the duty paid, setting aside the impugned order and granting consequential relief.

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The Appellate Tribunal CEGAT, Mumbai considered whether Modvat credit of additional duty of customs can be taken on a consignment of polyvinyl chloride resins received at different factories. The Tribunal allowed the appeal, following a previous decision that credit can be taken by either factory as long as the total credit does not exceed the duty paid. The impugned order was set aside, granting consequential relief.

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