https://www.taxtmi.com/caselaws?id=107487 Modvat credit was treated as admissible on steel shots because the Revenue accepted that the point was covered by Tribunal precedent, and the credit was allowed. Credit on HSD or lubricating oil was disallowed because the material was treated as HSD, and in any event lubricating oil falling under sub-heading 2710.90 was held not to qualify as an input under Notification No. 8/95. The denial of credit on that item therefore remained in force, while relief was granted only for steel shots. en-us Wed, 19 Mar 2003 00:00:00 +0530 Thu, 22 Mar 2012 18:13:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107487 Modvat credit was treated as admissible on steel shots because the Revenue accepted that the point was covered by Tribunal precedent, and the credit was allowed. Credit on HSD or lubricating oil was disallowed because the material was treated as HSD, and in any event lubricating oil falling under sub-heading 2710.90 was held not to qualify as an input under Notification No. 8/95. The denial of credit on that item therefore remained in force, while relief was granted only for steel shots. Case-Laws Central Excise Wed, 19 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107487