2002 (2) TMI 1173

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ocate, for the Respondent. [Order]. - The respondents are manufacturers of Screws & Rivets of iron and steel. For the purpose of manufacture of such products, they used to send steel rods for wire-drawing on job work basis. When they did so, they took Modvat credit of the duty paid on the steel rods. The job workers returned the processed goods (wires drawn from steel rods) to the respondent....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ty disallowed the Modvat credit, but the lower appellate authority, in the appeal filed by the assessee, reversed the decision of the adjudicating authority. Hence, the present appeal of the Revenue. 2. Heard both sides. 3. Ld. JDR, Sh. H.C. Verma reiterates the grounds of this appeal. He submits that the respondents had not declared waste in their declaration filed under Rule 57F(....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... also relies on the Board's Circular No. 267/136/87-CX. 8, dated 15-1-88. He prays that the impugned order be upheld, following the cited case law. 4. I have examined the submissions. I find that the 3.332 MTs of steel material was, admittedly, the burning loss which occurred at the job workers' end during the process of wire-drawing and the same was shown as destroyed in the challans unde....