2001 (9) TMI 952 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi allowed the appeal of a re-rolling mill for Modvat credit on defective ingots received for re-rolling purposes, following a similar precedent set in the case of Munoth Industries. The Tribunal held that defective ingots can be considered as input material for re-rolled finished products, thus granting the Modvat credit.