2003 (7) TMI 542

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....er]. - The respondent to this appeal removed between October and December, 1996 inputs to a job worker for processing by the latter. As prescribed in sub-rule 3(a)(iii) of Rule 57F it debited the credit taken of the duty paid on inputs, by making an appropriate entry in its personal ledger account. On return of the process goods, it cancelled the debit entry it had made by making a credit entry.....

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....ich was perhaps necessary because, strictly speaking such credit would not be covered by such rules in force. This enabling provision cannot so be construed to distinguish the right of a manufacturer to take credit in the personal ledger account. The contention that Rule 173G does not permit credit to be taken in the personal ledger account in such circumstances as we are concerned with may perhap....