2001 (7) TMI 1090

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.... JDR, for the Respondent. [Order]. - The appellants manufacture refrigerators and washing machines falling under Chapter 84 of the Schedule to the Central Excise Tariff Act, 1985. They imported 14 sets of Iron Moulds vide Bill of Entry dt. 20-1-94 and availed Modvat credit of Rs. 2,17,084/- on them. They sent these moulds to M/s. Perfect Job Work, Delhi for return after rectification and pol....

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....cise, vide his Order dt. 23-9-99 disallowed the Modvat credit of the aforestated amount to the appellants and ordered for the appropriation of the amount already paid. He further imposed a penalty of Rs. 2,17,084/- on the party under Rule 57U(6) and a penalty of Rs. 50,000/- under Rule 173Q. 3. The party filed an appeal and the Commissioner (Appeals), Jaipur vide his Order dt. 15-9-2000 bu....

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....ed. I have considered these submissions. The observations of the Original Authority in this case are that the party had purchased the Iron Moulds for the manufacture of plastic parts for use in their final product and the same were sent to their job worker under Rule 57F(3) on 20-6-94 for return after rectification and polishing but the same were not received back because they could not instal a s....