https://www.taxtmi.com/caselaws?id=94044 Deemed Modvat credit for re-rollers under the Ministry of Finance order dated 1 March 1994 was questioned after clearance value exceeded the SSI exemption monetary limit under Notification No. 1/93. The Tribunal identified conflicting approaches in earlier decisions, including the Larger Bench ruling in Digambar Foundary and reliance on Venkateswara Steel Industries. It treated the availability of deemed credit beyond the prescribed clearance limit as a question of law requiring authoritative determination and referred that question to the High Court. The reference application was allowed and the relevant records were directed to be transmitted. en-us Fri, 01 Sep 2000 00:00:00 +0530 Fri, 18 Nov 2011 16:32:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94044 Deemed Modvat credit for re-rollers under the Ministry of Finance order dated 1 March 1994 was questioned after clearance value exceeded the SSI exemption monetary limit under Notification No. 1/93. The Tribunal identified conflicting approaches in earlier decisions, including the Larger Bench ruling in Digambar Foundary and reliance on Venkateswara Steel Industries. It treated the availability of deemed credit beyond the prescribed clearance limit as a question of law requiring authoritative determination and referred that question to the High Court. The reference application was allowed and the relevant records were directed to be transmitted. Case-Laws Central Excise Fri, 01 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94044