1995 (8) TMI 174

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.... 2.  The short point that falls for consideration in the appeal is whether the worn out brass valves which have been considered as scrap by M/s. Hindustan Petroleum Corporation Ltd. (HPCL) and supplied to the appellants are eligible for deemed MODVAT Credit in terms of Rule 57G(2) of the Central Excise Rules, 1944. 3.  The learned Counsel for the appellants pleaded that these valves ....