2001 (10) TMI 110 - HC - Central Excise

Summary

The respondent-assessee claimed Modvat credit on grinding wheels for manufacturing C.I. Pipes. The claim was disallowed, but the appeal was allowed by the Commissioner (Appeals) and Tribunal. The Revenue filed an appeal questioning the Modvat credit on grinding wheels. The High Court dismissed the petition, stating no question of law arises as grinding wheels are considered necessary inputs in manufacturing the final product.