2003 (3) TMI 127 - HC - Central Excise

Summary

The High Court of Punjab and Haryana ruled in favor of a manufacturer of alloy and non-alloy steel wire, allowing them to claim Modvat credit for inputs used in manufacturing tyre bead wire. The Department's denial of the credit was overturned, as tyre bead wire was not exempt from excise duty. The Court dismissed the Department's appeal, stating no question of law arose from the case.