1997 (6) TMI 238 - AT - Central Excise

Summary

The Bombay High Court set aside the Tribunal's order that chemicals used in sand moulds for steel casting are not eligible for Modvat credit. The High Court remanded the matter to the Tribunal for rehearing. The Tribunal, following a Larger Bench decision, ruled that the appellants are eligible for Modvat credit on chemicals used in the manufacture of sand moulds for steel casting.