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of <h1>Department's Appeal Dismissed on Modvat Credit for Coil</h1> The appeal filed by the department challenging the allowance of Modvat credit for a coil as a marketable product was dismissed by the Tribunal. - 2001 ... Modvat The appeal was against an order related to Modvat credit for raw materials used in a coil. The appellant repaired transformers supplied by the Electricity Board and claimed Modvat credit. The Tribunal found that the coil was a marketable product, and Modvat credit was allowed. The appeal filed by the department was dismissed.
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