2002 (2) TMI 1079

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....ellant. Shri H.C. Verma, JDR, for the Respondent. [Order]. - M/s. Atam Concast Steels (P) Ltd, Ludhiana and M/s. Kalyan Agro Industries Corporation, Ludhiana, both are engaged in the manufacture of Steel Ingots falling under Chapter 72 by melting process in the induction furnace. They are also availing the Modvat credit under Rule 57A of Central Excise Rules, 1944. It was observed that du....

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....redit on ingots and re-rollable materials of iron and steel was admissible only to those re-rollers who used such material, without undergoing the process of melting, in the manufacture of goods falling under Chapters 72 and 73. Thus it was felt that the deemed credit on such material was not available to the assessees who were using it further for the manufacture of steel ingots by melting them i....

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..... 3. The present appeals are against the aforestated two impugned orders of Commissioner (Appeals). The appellants, M/s. Atam Concast Steels (P) Ltd. are not represented despite a notice. There is also no communication from them either requesting for an adjournment or giving the reasons for their absence. I have accordingly heard Shri K.K. Anand, Advocate for the appellants, M/s. Kalyan Ag....

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....erandi by endorsing the GP 1s in favour of the appellants. The appellants themselves have no facility of re-rolling and can use such material only by melting it in their induction furnaces. The only contention raised before me by the appellants is that in terms of the provisions of Rule 57F(1)(ii), the inputs received by a manufacturer could be cleared for home consumption on payment of duty from ....