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2. New: βIn Favour Ofβ filter added in Case Laws.
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<h1>CEGAT Tribunal Upholds Ruling on Modvat Credit for Capital Goods</h1> The Appellate Tribunal CEGAT, New Delhi ruled in favor of the respondents regarding Modvat credit on capital goods used in manufacturing cotton yarn. The ... Modvat on capital goods The Appellate Tribunal CEGAT, New Delhi ruled in favor of the respondents regarding Modvat credit on capital goods used in manufacturing cotton yarn. The Tribunal cited previous decisions to support that the disputed items qualify as capital goods under Rule 57Q. The Revenue's appeal was rejected, upholding the Commissioner (Appeals) order.