2005 (5) TMI 372

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..... -  The dispute in the present appeal relates to the denial of Modvat credit of Rs. 28,394/- claimed by the appellants as transitional credit under the provisions of Rule 57H. The appellants was working under compounded levy scheme, being re-rolling unit. However, the appellant opted out of the said scheme on 1-4-2000 and started availing the Modvat credit in respect of the raw materials ly....

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....he Modvat credit should have been extended to them on the basis of original copies of the invoices, especially when there was no dispute about the receipt of the inputs, their duty paid character and utilization of the same in their factory. 3. I find force in the above contention of the ld. CA appearing for the appellants. Immediately, after filing the claim under Rule 57H, they have brough....