2003 (2) TMI 254

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....espondent. [Order per : S.S. Sekhon, Member (T)]. - The appellants during the period March, 91 to October, 92 utilised Modvat credit availed by them on certain inputs for payment of duty on finished products for which those inputs were not declared as inputs. 2. Lower authority have denied this Modvat credit utilization and have ordered the reversal of credit availed, with penalties and i....

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....ve been utilized by them to discharge duty on the other final products, which they were clearing. Therefore, we find that it was only a procedural lapse, if any, in utilizing the credit on the inputs, which have been exported after manufacturing final products therefrom. We do not find any reason or cause to deny the Modvat credit availed and utilized. We, therefore, do not support the order rever....