2000 (4) TMI 569

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.... [Order]. - In the appeal before me the appellants challenges the finding given by the Collector (Appeals) which denied the Modvat credit. In paragraph 4 of the impugned order, the Collector has held as follows : "I have considered all the aspects of the case. In the instant case, the respondents have raised Modvat credit of duty paid on their finished products cleared earlier and subsequent....

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....shed products, for subsequent utilisation towards payment of duty on the finished product. Thus, for availment or credit there must be a process of manufacture. Not all processes carried out amount to manufacture. The term manufacture encompasses only those processes carried out on inputs which result in the emergence of a new and distinct finished product, distinguishable from the inputs going in....