https://www.taxtmi.com/caselaws?id=53451 The Appellate Tribunal CESTAT, New Delhi ruled in favor of the appellant in a case involving the denial of Modvat credit for duty paid on crude Iodine used in the production of Iodine of I.P. standard. The Tribunal found the Revenue's position contradictory, stating that if the conversion of crude Iodine is considered manufacturing for duty assessment, then Modvat credit should be allowed for all inputs in its production. As a result, the denial of Modvat credit was set aside, and the appeal was allowed. en-us Fri, 08 Oct 2004 00:00:00 +0530 Wed, 13 Oct 2010 14:07:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53451 The Appellate Tribunal CESTAT, New Delhi ruled in favor of the appellant in a case involving the denial of Modvat credit for duty paid on crude Iodine used in the production of Iodine of I.P. standard. The Tribunal found the Revenue's position contradictory, stating that if the conversion of crude Iodine is considered manufacturing for duty assessment, then Modvat credit should be allowed for all inputs in its production. As a result, the denial of Modvat credit was set aside, and the appeal was allowed. Case-Laws Central Excise Fri, 08 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53451