2004 (11) TMI 436

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.... None, for the Respondent. [Order per : V.K. Agrawal, Member (T)]. -  The issue involved in this Appeal filed by Revenue is whether Modvat credit is available to M/s. Shree Synthetics Ltd. in respect of DMT used in the manufacture of man-made yarn. 2. When the matter was called, no one was present on behalf of the respondents nor was there any request for adjournments. As the ....

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.... by-product because it is the final product of the respondents. 3. After considering the submissions of learned Senior Departmental Representative and perusing the records, we observe that DMT is used by the respondents for manufacture of Methanol which in turn is used in the manufacture of man made yarn. It is not disputed by the Revenue that the methanol is removed by the respondents on ....