2006 (8) TMI 484

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.... R.K. Pardeshi, JDR, for the Respondent. [Order]. - After hearing both sides, requirement of pre-deposit is waived and the appeal is taken up for hearing   with the consent of both sides. 2. Shri A.V. Naik, the learned advocate appearing for the appellants states that this case relates to eligibility to credit of duty paid on Stainless Steel Wires received by the appellants....

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....e of the amendment is to regularize credit taken at the input stage (on wire-rod), credit taken by the downstream user of "drawn wire" and the amount paid as central excise duty on clearance of drawn wire. In other words, wire drawing units, which had paid a sum equal to duty leviable on drawn wire, would be eligible to avail the credit of duty paid on inputs and utilize the same for payment of du....