1998 (6) TMI 282

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.... Shri A.K. Agarwal, SDR, for the Respondents. [Order per : V.K. Agarwal, Member (T)]. -  The issue involved in the appeal is whether proforma credit is to be reversed in respect of the inputs lying in stock on the date the scheme was made inapplicable to the appellants. 2. Ms. Ginny Bedi, ld. Advocate, submitted that the appellants manufacture aluminium wire rods out of aluminiu....

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....at credit, the Tribunal has held in the case of C.C.E., Chandigarh v. Ludhiana Bottling Co. and Others reported at 1998 (99) E.L.T. 671 (T) - 1996 (15) RLT 642 that once the credit in respect of specified inputs has been taken and there is no dispute in regard to the use of the inputs for the specified finished products, the credit cannot be reversed even when the particular input may be deleted f....

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....ion making them ineligible for proforma credit. 4. We have considered the submission of both the sides. It is not in dispute that when the inputs were brought in these were covered by the scheme of proforma credit under Rule 56-A(3). These were to be used in the manufacture of declared finished product which was also covered by the proforma credit scheme. We are not convinced by the argume....