1997 (7) TMI 310 - AT - Central Excise

Summary

The case involves a question of whether wire and felt used in machinery for making paper products are eligible for Modvat credit under Rule 57A of the Central Excise Rules. The Tribunal extended credit denied by lower authorities, citing a previous decision. The question has been referred to the Punjab and Haryana High Court due to similar cases. The High Court will determine if the parts of machinery are eligible for Modvat credit.