1999 (9) TMI 238

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.... for the Respondent. [Order]. - This reference application has been filed by the Revenue against the Final Order No. 866/98, dated 8-5-1998 wherein Modvat Credit was allowed on refractory bricks even prior to 16-3-1995 on which date vide Notification No. 11/95-C.E. (N.T.), dated 16-3-1995 refractories were included in the definition of capital goods under Rule 57Q of the C.E. Rules, 1944. ....

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....ificatory in nature it could be applied with retrospective effect as is also made clear from para 6 of the order by the Tribunal in this case. He submits that similar view has been taken by North Regional Bench of the Tribunal in the case of Larsen & Toubro as reported in 1998 (101) E.L.T. 131 which had also relied upon the earlier decisions of the Tribunal to the same effect. He submits that sinc....