2000 (6) TMI 423

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....r the Appellant. Shri R.K. Sharma, SDR, for the Respondent. [Order per : Jyoti Balasundaram, Member (J)]. -  In this case, credit of Rs. 17,900/- has been disallowed to the appellants who are manufacturers of motor vehicle parts falling under Chapter 87 of the Central Excise Tariff and further differential duty of Rs. 19,430.77 has been confirmed against them. 2. We have hear....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....isions of Rule 57F(1)(ii) according to which the goods on which Modvat credit has been taken can be removed as such on payment of duty not less than the amount credited. In this case, the appellants cleared 52738 items of motor vehicle parts and nuts, bolts, screws valued at Rs. 3,99,163.08 to M/s. TELCO @ 5% of the total duty amounting to Rs. 19,958.15 instead of duty of Rs. 38,861.54, resulting ....