1996 (6) TMI 131

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....hri J. Singh, JDR, for the Respondent. [Order per : Jyoti Balasundaram, Member (J)]. - The above appeal arises out of the order of the Collector of Central Excise, Indore, confirming a duty demand of Rs. 6,05,414.25 representing Modvat credit allegedly utilised wrongly by the appellants and imposing a penalty of Rs. 1 lakh upon them. 2. We have heard Shri A. Upadhayay, learned Counse....

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....sideration by the Hon'ble Punjab and Haryana High Court in the case of Amrit Banaspati v. Union of India reported in 1990 (50) E.L.T. 64 (P & H) in which the Court held that Modvat credit lawfully earned on a commodity could be utilised even after withdrawal of Modvat for that particular commodity viz., non-conventional oils for manufacture of vanaspati. In the case of Dipak Vegetable Oil Industri....