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<h1>Appellate tribunal upholds Modvat credit for release paper in PVC manufacturing</h1> The appellate tribunal dismissed the Revenue's appeal on Modvat credit for release paper used in manufacturing PVC coated fabrics and vinyl floor ... Modvat The appellate tribunal rejected the Revenue's appeal regarding Modvat credit for release paper used in manufacturing PVC coated fabrics and vinyl floor coverings, citing previous rulings that deemed the release paper eligible for credit as an input. The appeal was dismissed, and cross objections were also disposed of accordingly. The decision was announced on 18-10-1999.