1999 (7) TMI 244 - AT - Central Excise

Summary

The appeal by M/s. Puneet Steels & Alloys (P) Ltd. was related to Modvat credit on inputs like scrap pipes, H.R. sheet cuttings, and plate cuttings. The Addl. Collector had restricted the credit to M.S. scrap duty amount. The Tribunal disagreed, stating that as the inputs had paid duty as steel pipes, hot rolled sheets, and plates, restricting the credit was incorrect. The Tribunal allowed the appeal.