1998 (7) TMI 278 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai dismissed the appeal regarding denial of Modvat credit on pieces of iron and steel. The Assistant Collector denied the credit, stating the pieces could only be forged, not rolled. However, the Collector (Appeals) allowed the appeal, noting that the pieces were rolled after being obtained from the market. The Tribunal declined to interfere, as it was not proven that the pieces were not rerollable material. Appeal was dismissed.