2000 (9) TMI 316 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi referred a question to the High Court of M.P. regarding the availability of Deemed Modvat credit to re-rollers after crossing the monetary limit of Rs. 75 lacs. The respondents, engaged in manufacturing Iron & Steel Bars, were availing SSI Exemption and Modvat credit. The Tribunal allowed the appeal of the respondent based on a previous decision, leading to a reference application to the High Court of M.P. for opinion.