2001 (12) TMI 300

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....pellant. Smt. Ananya Ray, SDR, for the Respondent. [Order per : C.N.B. Nair, Member (T)]. -  The present applicants are manufacturers of footwears. They availed themselves of Modvat credit on inputs used in the manufacture of the footwear and cleared the footwear on payment of Central Excise duty. Part of the Central Excise duty payment was from the credit taken on inputs. The duty p....

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....ral Excise Act. 3. The appellant have strongly contested the findings and they have submitted that it was a manufacturer's option as to whether to pay duty on the goods manufactured by him or avail himself of exemption. The appellant in the present case chose to pay duty. It is their contention that once Central Excise duty is paid on the goods, Modvat credit automatically flowed on the in....