1997 (3) TMI 192 - AT - Central Excise

Summary

The case involves the denial of deemed Modvat credit on certain inputs purchased from dealers of bazar scrap. The Tribunal allows the appeal by remanding the case for physical verification of the nature of the scrap to determine eligibility for deemed credit based on the criteria established in previous decisions. The appeal is disposed off with directions for further verification by the jurisdictional Asstt. Commissioner.