2003 (2) TMI 254

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....t. Shri Uma Shankar, DR, for the Respondent. [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 revers....

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....t products. These refunds so obtained could have 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.....