1998 (7) TMI 469 - AT - Central Excise

Summary

The issue was whether scrap copper classified as utensil scrap qualifies for deemed Modvat credit. The Tribunal ruled that since the scrap was unconditionally exempted under Notification No. 177/88, no Modvat credit is available. The appeal was rejected based on the precedent set by the Larger Bench in Machine Builders v. CCE - 1996 (83) E.L.T. 576.