TaxTMI 
TaxTMI 
1997 (1) TMI 262
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....e old Central Excise Tariff and had cleared them at appropriate rate of central excise duty. Subsequently, they filed refund claims on the ground that their final products i.e. Iron & Steel products falling under sub-item (ia) of Item 26AA were eligible for the benefit of Notification No. 206/63 aforesaid. They were producing the Iron and Steel products from the duty paid steel ingots. Their claims were rejected by the adjudicating authority the Asstt. Collector and his order was confirmed by the Collector of Central Excise (Appeals) in his consolidated order dated 30-6-1988. 2. Appearing for the appellants, Shri Y.N. Chopra, Consultant submitted that their raw material was steel ingots and before actually producing bars, rods, etc., ....
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....(i) Fresh un-used re-rollable scrap on which the appropriate amount of duty of excise had already been paid. (ii) Semi-finished steel including blooms, billets, slabs, sheet bars, tin bars and hoe bars on which the appropriate amount of duty had already been paid. (iii) Old and used re-rollable scrap. 5. The ld. Consultant had submitted that they were cutting and breaking the steel ingots before they were used in the manufacture of their final products - Iron and Steel classifiable under sub-item (ia) of Item 26AA. We find that the semi-finished steel as referred to in the Notification is that semi-finished steel, which was classifiable under sub-item 1 of Item 26AA, which covered the following :- "Semi-finished stee....