2007 (2) TMI 524

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..... - No representation for the appellants despite notice. The respondent is represented by SDR. 2. I have examined the records and heard learned SDR, who has reiterated the findings contained in the impugned order. 3. The short question arising for consideration in this case is whether the appellants were entitled to 100% credit of the duty paid on inputs received in their factor....

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....as available to the appellants. This view was accepted by the lower appellate authority and the appellants are aggrieved by the same. 4. The provision of law is very clear. The appellants were entitled to take input duty credit only to the extent of 95% during the above period. They were aware of this limitation and accordingly they took credit only to the extent of 95% of the duty amount ....