2001 (10) TMI 101

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..... l for the respondent assessee. 2. This reference has been made at the instance of the Revenue for the opinion of this Court on the following questions of law :- "Whether the Ammonium Nitrate and Fuel Oil (ANFO) used as explosive in mines for obtaining the limestone, which is then used in the factory for the manufacture of cement, can be considered as "inputs" eligible for Modvat credit in term .....

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..... Apex Court in M/s. Jaypee Rewa Cement v. Commissioner of Central Excise, M.P. reported in [2001 (133) E.L.T. 3 (S.C.) = JT 2001 (7) SC 261]. The Apex Court considering the Rule 57A(1) of the Central Excise Rules found that the said rule does not in any way specify that the inputs have to be utilised within the factory premises. Dealing with Rule 57J the Court expressed that even in respect of inp .....

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