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<h1>Appellate Tribunal rules on Modvat credit for Roller Composition</h1> The Appellate Tribunal CEGAT, Bombay dismissed the Commissioner's reference application on the eligibility for Modvat credit on Roller Composition used ... Reference to High Court - Modvat The Commissioner's reference application regarding eligibility for Modvat credit on Roller Composition used for printing and lacquering tin-sheets was dismissed by the Appellate Tribunal CEGAT, Bombay. The composition was considered a consumable input, not a part of the machinery, based on factual appreciation. No question of law arose.