2000 (7) TMI 474

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....ndents. [Order]. - The respondents are manufacturers of cycle and moped chains. While cycle chains are exempt from duty, moped chains are not. The respondents took Modvat credit of the duty paid on inputs used for the manufacture of moped chains. But moped chains are exported while cycle chains are cleared for home consumption. The credit accumulated in respect of inputs utilised for the manufac....

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....een allowed. The mere pendency of a reference before any High Court is, however, no ground for interfering with the order of the lower appellate authority as long as there is no stay of operation of that order. 3. Ld. Counsel for the respondents has drawn my attention to two decisions of this Tribunal which cover the issue in their favour. The two decisions are Final Order No. A/234-235/98-N....