https://www.taxtmi.com/caselaws?id=88180 Modvat credit was upheld on consignments received as rounds of non-alloy steel because the goods were treated as rejected consignments sold to the respondent after the original consignees endorsed them as not meeting specifications. The record did not show that the consignees had altered the goods' shape or size, and the department failed to support its claim that the goods were in substance scrap. On that evidence, there was no adequate basis to disturb the finding that the goods remained rounds rather than scrap, so credit remained admissible. en-us Mon, 07 Sep 1998 00:00:00 +0530 Thu, 15 Sep 2011 16:37:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88180 Modvat credit was upheld on consignments received as rounds of non-alloy steel because the goods were treated as rejected consignments sold to the respondent after the original consignees endorsed them as not meeting specifications. The record did not show that the consignees had altered the goods' shape or size, and the department failed to support its claim that the goods were in substance scrap. On that evidence, there was no adequate basis to disturb the finding that the goods remained rounds rather than scrap, so credit remained admissible. Case-Laws Central Excise Mon, 07 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88180