2005 (9) TMI 525

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....P.M. Dave, Advocate, for the Respondent. [Order]. -  Heard both sides. 2. M/s. Indian Petrochemical Industries Ltd., Vadodara, are the holder of Central Excise Registration No. AAACI4415QXM001 for manufacture excisable goods falling under Chapter Nos. 27, 28, 29, 31, 38, 39, 40, 55 & 68 of the First Schedule to Central Excise Act, 1985. They were also availing the facilities of ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....of LDO has been withdrawn vide Notification No. 13/2003-C.E., dated 1-3-2003. 4. The assessee was having the stock of the input LDO on 28-2-2003 weighing 100.693 valued at Rs. 14,07,680.08 (at the rate of 13,979.02 per KL) involving the Cenvat credit of Rs. 2,25,229/- thereon, for which the assessee become ineligible to utilize the credit from 1-3-2003. Therefore, in view of the provisions....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ns 11AC and 11AB respectively. 6. In appeal, the Commissioner (Appeals) set aside the order basing on the decision of the Karnataka High Court in the case of M/s. Grasim Industries Ltd. v. C.B.E & C. N.D. [2004 (163) E.L.T. 10 (Kar.)]. Aggrieved by the same, the Department is in appeal. 7. The case on hand is squarely covered by the Karnataka High Court judgment, which is cited sup....