2002 (1) TMI 1059 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi allowed the appeal filed by the party against the denial of Modvat credit on B.P. Sets by the Assistant Commissioner of Central Excise. The Commissioner (Appeals) ruled in favor of the party, considering B.P. Sets as eligible inputs under Rule 57A for the manufacture of ingots. The Revenue filed an appeal against the Commissioner's order, arguing that refractories used in manufacturing iron and steel products are not eligible for Modvat credit. The Tribunal remanded the matter back to the Commissioner (Appeals) for reconsideration in light of conflicting decisions, providing both parties with an opportunity to present their cases.