https://www.taxtmi.com/caselaws?id=84230 Deemed Modvat credit under Rule 57A applies only to specified inputs used in specified final products, and the deemed credit scheme for iron and steel items cannot automatically extend to used machinery parts. Credit is available only if the items are shown to be scrap of iron and steel or re-rollable materials capable of being processed into goods under the relevant tariff headings. Because the factual nature and description of the disputed goods were not properly established, the existing record was insufficient to sustain allowance of credit. The allowance was therefore set aside to that extent and the matter remitted for de novo adjudication on the character of the goods. en-us Mon, 12 Dec 1994 00:00:00 +0530 Wed, 20 Jul 2011 15:37:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84230 Deemed Modvat credit under Rule 57A applies only to specified inputs used in specified final products, and the deemed credit scheme for iron and steel items cannot automatically extend to used machinery parts. Credit is available only if the items are shown to be scrap of iron and steel or re-rollable materials capable of being processed into goods under the relevant tariff headings. Because the factual nature and description of the disputed goods were not properly established, the existing record was insufficient to sustain allowance of credit. The allowance was therefore set aside to that extent and the matter remitted for de novo adjudication on the character of the goods. Case-Laws Central Excise Mon, 12 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84230