1997 (2) TMI 309

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....er : K.S. Venkataramani, Member (T)]. - The appellants herein manufacture Paints and Varnishes falling under Chapter 32 of the Central Excise Tariff Act, 1985. They are availing of Modvat credit on inputs under Rule 57A of the Central Excise Rules. The Department initiated proceedings against them as it was observed that the appellants have availed Modvat credit of duty used in the manufacture o....

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.... contended that the duty demand is in respect of that quantity of Alkyd Resins which has been cleared by the appellant under Nil rate of duty gate passes to the other factory. Credit of duty on the input has been allowed where Alkyd Resins has been used as intermediate product in their own factory for captive consumption. Denial of credit under Rule 57C for denying Modvat on outside clearances is ....