1996 (9) TMI 420 - AT - Central Excise

Summary

The judgment concerns an application for dispensing with predeposit of Rs. 7,38,099 demanded from the appellant by the Assistant Commissioner of Central Excise. The appellant sought Modvat credit for LDO, FO, and MO used in manufacturing iron and steel casting. The Tribunal found prima facie grounds to hold that these materials qualify as inputs under Rule 57A, granting a stay in favor of the appellant.