2001 (1) TMI 393

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..... iled by M/s. Groz Beckert Asia Ltd. is whether the Modvat Credit is available in respect of Tempering Oil, Cutting Oil and Nickel Catalyst under Rule 57A of the Central Excise Rules. 2. Shri K.K. Anand, ld. Advocate, mentioned that he is not pressing matter regarding availability of credit in respect of Nickel Catalyst. He submitted that tempering oil is used in tempering process during the manu .....

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..... l Commissioner has dis-allowed the Modvat Credit holding only that the impugned oils were not used as fuel. I also heard Shri S.C. Pushkarna, ld. DR. 3. I have considered the submissions of both the sides. The ld. Advocate has explained the use of both tempering oil and cutting oil in the process of manufacture of their final product namely Hosiery and Knitting Needle. It is apparent from the us .....

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