https://www.taxtmi.com/caselaws?id=88075 The Appellate Tribunal ruled in favor of the appellants, allowing Modvat credit for Kem Water used in the manufacturing process of Nylon Polyester Filament Yarn. The Tribunal emphasized the essential role of Kem Water in maintaining efficiency in the cooling system, aligning with precedent that chemicals added to water for cooling system efficiency are eligible inputs. The denial of Modvat credit was deemed unjustified, and the appellants were granted the benefit of Modvat credit for Kem Water, overturning the lower authorities' decision and associated penalty. en-us Thu, 11 Dec 1997 00:00:00 +0530 Wed, 14 Sep 2011 18:29:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88075 The Appellate Tribunal ruled in favor of the appellants, allowing Modvat credit for Kem Water used in the manufacturing process of Nylon Polyester Filament Yarn. The Tribunal emphasized the essential role of Kem Water in maintaining efficiency in the cooling system, aligning with precedent that chemicals added to water for cooling system efficiency are eligible inputs. The denial of Modvat credit was deemed unjustified, and the appellants were granted the benefit of Modvat credit for Kem Water, overturning the lower authorities' decision and associated penalty. Case-Laws Central Excise Thu, 11 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88075