2001 (3) TMI 365

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....  This is an appeal filed by M/s. Visteon Automotive Systems India (P) Ltd., against the above-mentioned order passed by the Assistant Commissioner of Central Excise, Chinglepet Division of Chennai-III Commissionerate wherein she disallowed Modvat credit of Rs. 16,90,269/- under Rule 57-I and imposed penalty of Rs. 1000/- under Rule 173Q. 2. The brief facts of the case are as under :- ....

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....mposed under sub-rule (1) of Rule 57(Q) do not come into play in respect of credit availed on project input goods; without prejudice to the above argument the impugned goods mentioned in the show cause notice would be more appropriately classifiable under CSH 8419.00 and hence eligible for credit and finally pleaded to set aside the impugned order. 4. The matter was posted for hearing on 7-3....

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....g the same. Hence my scope of consideration narrows down to Sl. Nos. 2 to 4 of the show cause notice. On perusal of the relevant Bills of entry, I observe that the said goods mentioned in Sl. Nos. 2 to 4 have been imported under project import and the relevant classifiable mentioned as CSH 9801.00. The learned Cost Accountant argued that as per Rule 57Q(3) they are eligible for Modvat credit. For ....