https://www.taxtmi.com/caselaws?id=105614 Modvat credit under Rule 57A was held admissible for hot top, ramming mass, grinding wheels and refractory materials because earlier Tribunal rulings and the Madhya Pradesh High Court view supported eligibility. The mere admission of a civil appeal, without any stay, did not justify ignoring that settled ratio. Credit on grinding wheels could not be denied by relying on Notification No. 25/96-C.E.(N.T.), because that notification treated them as capital goods under Rule 57Q only from a later period and did not govern the earlier disputed period. The assessee's entitlement to credit for the relevant period was therefore affirmed. en-us Mon, 31 Dec 2001 00:00:00 +0530 Tue, 06 Mar 2012 15:43:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105614 Modvat credit under Rule 57A was held admissible for hot top, ramming mass, grinding wheels and refractory materials because earlier Tribunal rulings and the Madhya Pradesh High Court view supported eligibility. The mere admission of a civil appeal, without any stay, did not justify ignoring that settled ratio. Credit on grinding wheels could not be denied by relying on Notification No. 25/96-C.E.(N.T.), because that notification treated them as capital goods under Rule 57Q only from a later period and did not govern the earlier disputed period. The assessee's entitlement to credit for the relevant period was therefore affirmed. Case-Laws Central Excise Mon, 31 Dec 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105614