Vijay Steel Industries Vs UT of Jammu & Kashmir
Date: April 7, 2026
Subject Matter
M.S. Scrap Emerging from TMT Bar Manufacturing Process Eligible for Budgetary Support Reimbursement
Summary
The High Court has quashed the order denying budgetary support reimbursement for M.S. Scrap, holding that M.S. Scrap emerging from the manufacturing process of TMT/CTD Bars qualifies as 'specified goods' for budgetary support. The Court reasoned that…
FULL TEXT OF THE JUDGMENT/ORDER OF JAMMU & KASHMIR HIGH COURT The case set up in the present petition by the petitioner is that, in terms of Notification No. 56/2002-CE dated 14.11.2002, the petitioner established a new unit for the manufacture of Tor Steel, M.S. Angle, M.S. Flat, M.S. Round, M.S. Square, Ribbed Bars and TMT Bars and commenced its commercial production with effect from 04.10.2…