1999 (10) TMI 204 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, New Delhi allowed a Reference Application regarding the admissibility of Modvat credit for Grinding wheels, Honing stones/Sticks, and other items as parts not covered by the exclusion clause under Rule 57A. The Tribunal held that parts of machines, machinery, plant, equipment, etc., are eligible for Modvat credit as they are not expressly included in the exclusion clause. The case was referred to the Hon'ble Punjab and Haryana High Court for a decision.