2001 (4) TMI 128 - AT - Central Excise

Summary

The Commissioner, Central Excise, Meerut filed an application to refer a question to the High Court regarding the eligibility of M.S. Rounds bars, M.S. Plates, H.R. Plates, Shapes, and Sections for Modvat credit under Central Excise Rule, 1944. The Tribunal rejected the reference application as the items were found to be raw materials for capital goods and eligible for Modvat credit, not building materials. The decision was based on the fact that the items were used for fabrication of machinery and not as building materials.