https://www.taxtmi.com/caselaws?id=51743 The Appellate Tribunal CEGAT, Mumbai allowed the appeals regarding the denial of Modvat credit for partially oriented yarn (POY) used in manufacturing draw to twisted yarn. The storage of inputs outside the factory premises was due to facility shortage and in compliance with Modvat rules, supported by relevant case laws and circulars. The Tribunal held that deviations due to business exigencies do not justify denial of credit, as recognized by circulars. Consequently, the impugned order was set aside, and the appeals were allowed, granting the appellants consequential relief if any. en-us Fri, 13 Dec 2002 00:00:00 +0530 Tue, 28 Sep 2010 10:02:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51743 The Appellate Tribunal CEGAT, Mumbai allowed the appeals regarding the denial of Modvat credit for partially oriented yarn (POY) used in manufacturing draw to twisted yarn. The storage of inputs outside the factory premises was due to facility shortage and in compliance with Modvat rules, supported by relevant case laws and circulars. The Tribunal held that deviations due to business exigencies do not justify denial of credit, as recognized by circulars. Consequently, the impugned order was set aside, and the appeals were allowed, granting the appellants consequential relief if any. Case-Laws Central Excise Fri, 13 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51743