CEGAT Chennai Upholds Commissioner's Order on Modvat Credit, Rejects Revenue's Reference Application

The Appellate Tribunal CEGAT, Chennai rejected Revenue's reference application on modvat credit and inputs on capital goods, upholding the Commissioner (Appeals) order based on precedent. The Tribunal found the issue settled by previous judgments, deeming the questions raised not to be questions of law.

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The Appellate Tribunal CEGAT, Chennai rejected a reference application by Revenue regarding modvat credit and inputs on capital goods. The Tribunal upheld the Commissioner (Appeals) order based on previous judgments, stating no need for a different view. The application was rejected as the issue was no longer res integra, and the questions raised were not considered as questions of law.

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