1999 (9) TMI 423

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..... Peeran, Member (J)]. - This appeal arises from order-in-appeal No.72/93 CE (MDU) dated 24-3-1993 passed by Commissioner (Appeals) confirming the duty demands of Rs.21,076.00 on the "V-Belts" purchased from Hyderabad and utilised for the purpose of paying modvat credit. The Asst. Commissioner had held in his order, inter alia, that process carried out by the appellants on the belts received, no....

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....ed at Hyderabad. Since there is no manufacture of a new final product Modvat Credit is not available to the appellants and hence the credit taken by them on the belts received from Hyderabad is incorrect. Therefore, the same is liable for expunction under Rule 57I. Therefore, the disallowance of the aforesaid credit and demanding of the same appears to be proper and correct." 3. Appellants a....