1999 (7) TMI 244

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....pondent. [Order per : Lajja Ram, Member (T)]. - In this appeal filed by M/s. Puneet Steels & Alloys (P) Ltd., the matter relates to the Modvat credit in respect of the inputs as claimed by the appellants as scrap pipes, H.R. Sheet cuttings and plate cuttings and on which the excise duty has been paid as applicable to steel pipes, hot rolled sheets and plates. These scrap pipes, hot rolled sh....

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....cable to steel pipes, hot rolled sheets and plates had been paid thereon. When the goods received had paid excise duty as steel pipes, hot rolled sheets and plates, it does not appear to be correct to restrict the Modvat credit to the amount leviable on M.S. scrap. The classification as settled at the end of the manufacturer had been challenged without adequate reasons. 4. We also consider....