https://www.taxtmi.com/caselaws?id=46410 Grinding wheels were treated as eligible for Modvat credit because, on one view, they qualified as inputs under Rule 57A of the Central Excise Rules, 1944, and, on the alternative view, they could still fall within the machinery-related credit scheme under Rule 57Q. The High Court found the Tribunal had adopted a possible view consistent with an earlier decision of the same Court and noted no revenue prejudice. On that basis, it held that no referable question of law arose under Section 35H(1) of the Central Excise Act, 1944, and the reference petition was dismissed. en-us Wed, 01 May 2002 00:00:00 +0530 Sat, 17 Jul 2010 17:55:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46410 Grinding wheels were treated as eligible for Modvat credit because, on one view, they qualified as inputs under Rule 57A of the Central Excise Rules, 1944, and, on the alternative view, they could still fall within the machinery-related credit scheme under Rule 57Q. The High Court found the Tribunal had adopted a possible view consistent with an earlier decision of the same Court and noted no revenue prejudice. On that basis, it held that no referable question of law arose under Section 35H(1) of the Central Excise Act, 1944, and the reference petition was dismissed. Case-Laws Central Excise Wed, 01 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46410