https://www.taxtmi.com/caselaws?id=54398 The Appellate Tribunal CESTAT, New Delhi, ruled in favor of the applicants in a case involving rectification of a mistake in the Final Order regarding Modvat credit and interest demand. The Tribunal held that since the process of drawing wire from wire rod does not amount to manufacture, no duty was payable, making the demand for Modvat credit reversal and interest unsustainable. Consequently, the Tribunal rectified the mistake in the Final Order, clarifying that no Modvat credit is disallowable and no interest is chargeable in this instance. en-us Fri, 01 Apr 2005 00:00:00 +0530 Tue, 19 Oct 2010 18:11:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54398 The Appellate Tribunal CESTAT, New Delhi, ruled in favor of the applicants in a case involving rectification of a mistake in the Final Order regarding Modvat credit and interest demand. The Tribunal held that since the process of drawing wire from wire rod does not amount to manufacture, no duty was payable, making the demand for Modvat credit reversal and interest unsustainable. Consequently, the Tribunal rectified the mistake in the Final Order, clarifying that no Modvat credit is disallowable and no interest is chargeable in this instance. Case-Laws Central Excise Fri, 01 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54398