2003 (9) TMI 582

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....llant. Shri A. Shukla, SDR, for the Respondent. [Order]. -  In this case the appellants are challenging the impugned order-in-appeal whereby part of the Modvat credit availed, has been denied to them. Heard both sides. 2. The brief facts of the case are as under :- The appellants, M/s. Pepsico India Holdings (P) Ltd., received Diet Pepsi Concentrate falling under Heading N....

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....espect of goods specified in the aforesaid rules. Since the goods falling under Chapter Heading No. 2108.10 were not specified in the said Rule, at the point of taking credit the appellants were issued a show cause notice dated 23-5-2001 for denying the Cenvat credit representing the amount of Special Excise Duty. The Deputy Commissioner disallowed the Cenvat credit of Rs. 50,054/- and the said or....

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.... and special cannot alter when the inputs are cleared as such from the user/recipient factory. The classification of each component namely basic and special, therefore, remains intact. It is another matter that, in terms of express provisions contained in Rule 57F(1)(ii), the amount of reversal has to cover both the components. However, for that reason the entire reversed amount cannot become a pa....

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....(120) E.L.T. 228 (Tribunal-LB)]. (2)     Modvat credit to be allowed on the basis of rate indicated in the incoming duty paying documents [1996 (84) E.L.T. 44 (Tribunal)] do not provide any assistance to them. So far as Sr. No. (1) is concerned, the rate of reversal in this case is based on the rate applicable at the point of entry of inputs. As regards Sr. No. (2), the c....