https://www.taxtmi.com/caselaws?id=109797 The appellate tribunal allowed the appeal by the appellants regarding Modvat credit on inputs consumed before opting out of the scheme. The tribunal disagreed with the Revenue's view and held that the Modvat credit used by the appellants should not be deemed to have been lying in their stock. The impugned order was set aside, and the appeal was allowed with consequential relief to the appellants. en-us Fri, 31 Jan 2003 00:00:00 +0530 Wed, 11 Apr 2012 18:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109797 The appellate tribunal allowed the appeal by the appellants regarding Modvat credit on inputs consumed before opting out of the scheme. The tribunal disagreed with the Revenue's view and held that the Modvat credit used by the appellants should not be deemed to have been lying in their stock. The impugned order was set aside, and the appeal was allowed with consequential relief to the appellants. Case-Laws Central Excise Fri, 31 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109797