2004 (3) TMI 560

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....DR, for the Respondent. [Order]. - Appellants are manufacturers of Iron & Steel products and were availing Modvat Credit Scheme. On 25-7-1997 there was a balance of Rs. 92,028/- in RG 23A register, from that date they opted & shifted to discharge duty on certain items which were covered under Section 3A Scheme. However they continued to clear other items by debit against the credit balance sinc....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....f Rs. 92,028/- paid vide TR 6, dated 12-7-2000. Revenue filed an appeal against this sanction and the CCE (Appeal) allowed the same after finding - "I have carefully gone through the facts of the case and cross objection filed by the Respondent.   In the instant case, I find that the Range Superintendent vide his letter F. No. AR.III/CEPA/2000, dated 6-7-2000 directed the Respondent to....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....lying in the balance as on 31-7-1997 towards payment of duty on any excisable goods, whether cleared for home consumption or for export as laid down under the provisions of Rule 57F (17)(d) of the Central Excise Rules, 1944 as the credit lying unutilized in the Modvat account has lapsed in view of the introduction of Compounded Levy Scheme under Section 3A of the Central Excise Act, 1944. I furthe....