https://www.taxtmi.com/caselaws?id=87137 No referable question of law arose from the Tribunal's earlier view that an assessee could choose between exemption on the final product and Modvat credit on inputs, even in light of the Andhra Pradesh High Court decision relied on by the Revenue. The Tribunal held that the cited ruling did not dislodge its reasoning or justify a reference. A further contention based on explanatory notes to the Finance Bill was not entertained because it had not been raised before the Tribunal, and new points cannot be introduced for the first time in reference proceedings. The reference application was therefore dismissed. en-us Fri, 07 Mar 1997 00:00:00 +0530 Sat, 03 Sep 2011 11:00:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87137 No referable question of law arose from the Tribunal's earlier view that an assessee could choose between exemption on the final product and Modvat credit on inputs, even in light of the Andhra Pradesh High Court decision relied on by the Revenue. The Tribunal held that the cited ruling did not dislodge its reasoning or justify a reference. A further contention based on explanatory notes to the Finance Bill was not entertained because it had not been raised before the Tribunal, and new points cannot be introduced for the first time in reference proceedings. The reference application was therefore dismissed. Case-Laws Central Excise Fri, 07 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87137