Appellate Tribunal allows Modvat credit on duty paid for returned camera parts

The Appellate Tribunal CEGAT, Mumbai allowed the appellant's appeal regarding Modvat credit on duty paid for plastic parts of photographic cameras returned by customers for remaking. The Tribunal confirmed that credit can be taken on returned finished products, setting aside the impugned order.

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The Appellate Tribunal CEGAT, Mumbai allowed the appeal of the appellant regarding Modvat credit on duty paid for plastic parts of photographic cameras returned by customers for remaking. The Tribunal confirmed that credit can be taken on returned finished products, and the appeal was allowed with the impugned order set aside.

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