1998 (8) TMI 320 - AT - Central Excise

Summary

The case involves the availment of Modvat credit on inputs used in manufacturing final products cleared after filing declaration under Rule 57G. The issue also concerns transitional credit under Rule 57H for inputs in semi-finished or finished products on the date of filing the declaration. Previous judgments favoring revenue were cited, but a conflicting decision favored the assessee. The matter has been referred to the President for constituting a Larger Bench for final settlement.