https://www.taxtmi.com/caselaws?id=3213 The Appellate Tribunal CESTAT AHMEDABAD ruled in favor of the appellant in a case concerning the availment of modvat credit on inputs sent directly between their factories. The Tribunal held that the direct transfer of goods between the appellant's own factories did not impact their entitlement to credit, rejecting the Revenue's demand for interest on the credit. The Tribunal's interpretation emphasized that immediate credit availability due to the direct transfer negated the need for interest payment, ultimately allowing the appeal and providing relief to the appellant. en-us Tue, 15 Jan 2008 00:00:00 +0530 Thu, 19 May 2022 16:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3213 The Appellate Tribunal CESTAT AHMEDABAD ruled in favor of the appellant in a case concerning the availment of modvat credit on inputs sent directly between their factories. The Tribunal held that the direct transfer of goods between the appellant's own factories did not impact their entitlement to credit, rejecting the Revenue's demand for interest on the credit. The Tribunal's interpretation emphasized that immediate credit availability due to the direct transfer negated the need for interest payment, ultimately allowing the appeal and providing relief to the appellant. Case-Laws Central Excise Tue, 15 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3213