2003 (10) TMI 468

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....C. Verma, JDR, for the Respondent. [Order]. - Through the present stay application, the appellants have sought waiver of the pre-deposit of the duty amount of Rs. 3,83.587/- which has been confirmed against them through the impugned order-in-appeal by the Commissioner (Appeals), by disallowing them Modvat credit on explosives used outside the factory premises. 2. The learned Counsel ....

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....d. The bare perusal of the Apex Court judgment in Jaypee Rewa Cement supra shows that Modvat credit is available to an assessee in respect of the explosives used for the manufacture of intermediate product which product is then used in the manufacture of the final product. But after the amendment which came into effect from 1-7-2000, while defining the expression "input" it has been specified that....