2007 (8) TMI 545

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....emant Bajaj, Advocate, for the Respondent. [Order]. - The Revenue has challenged the order of the Commissioner (Appeals) made on 20-7-2005 setting aside the order-in-original by which the adjudicating authority had disallowed the credit of Rs. 1,48,500/-. 2. The learned authorized representative for the department has contended that the credit and debit facility in respect of Modvat ....

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....), it was abundantly clear that credit could be taken after the receipt of the reprocessed goods in the factory, either in RG23 Part-II or in the PLA maintained by the manufacturer under Rule 57G(7). 4. When the inputs were to be removed under Rule 57F(4) for the purposes mentioned therein, an amount equal to 10% of the value of such inputs was required to be debited as provided in sub-rul....