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<h1>Re-rollers entitled to Deemed Modvat credit beyond Rs. 75 lakh limit</h1> The High Court of M.P. held that re-rollers are entitled to Deemed Modvat credit even after exceeding the Rs. 75 lakh limit. The Court upheld the ... Reference to High Court The Appellate Tribunal CEGAT, New Delhi referred a question to the High Court of M.P. regarding the availability of Deemed Modvat credit to re-rollers after crossing the monetary limit of Rs. 75 lacs. The respondents, engaged in manufacturing Iron & Steel Bars, were availing SSI Exemption and Modvat credit. The Tribunal allowed the appeal of the respondent based on a previous decision, leading to a reference application to the High Court of M.P. for opinion.