https://www.taxtmi.com/caselaws?id=89815 Deemed Modvat credit could not be denied merely on a bare assertion that the inputs were not rerollable and were usable only for forging. The record showed that the material was procured from the market and rerolled after heating, and there was no proof that it was incapable of rerolling. In view of the existing order allowing credit on rerollable iron and steel purchased from outside even without documentary proof of duty payment, the refusal of credit was unjustified. The assessee was therefore entitled to the deemed Modvat credit. en-us Fri, 31 Jul 1998 00:00:00 +0530 Thu, 29 Sep 2011 18:10:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89815 Deemed Modvat credit could not be denied merely on a bare assertion that the inputs were not rerollable and were usable only for forging. The record showed that the material was procured from the market and rerolled after heating, and there was no proof that it was incapable of rerolling. In view of the existing order allowing credit on rerollable iron and steel purchased from outside even without documentary proof of duty payment, the refusal of credit was unjustified. The assessee was therefore entitled to the deemed Modvat credit. Case-Laws Central Excise Fri, 31 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89815