1998 (9) TMI 275

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....ate, for the Respondent. [Order]. - This appeal is directed against the order captioned above passed by the Commissioner of Central Excise (Appeals), Mumbai. At the outset, the ld. Counsel for the respondents submitted that there is a misc. application filed by them for changing the title in respect of the respondents M/s. Brook Bond Lipton (I) Ltd. consequent upon the amalgamation with Hind....

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.... cleared and inputs used in the unfinished goods as well as the stock of inputs lying with them as on 24-7-1991. Show cause notice was issued to the respondents on 20-1-1992 for reversal of Modvat credit of Rs. 2,80,094/- under Rule 57-I of Central Excise Rules. The respondents in reply, inter alia, referred to the application under Rule 57H for transitional credit facility and pointed out that wh....

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.... order. 3. The ld. D.R. Shri K.L. Ramtake for the appellant Commissioner contended that the credit taken in respect of the inputs lying in stock as well as those in the finished products will have to be reversed when the final product becomes exempted and relied upon the Allahabad High Court judgment in the case of Super Cassettes Industries Ltd. v. U.O.I. - 1997 (94) E.L.T. 302 (All). ....