2007 (10) TMI 530

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....e Appellant. None, for the Respondent. [Order per : Archana Wadhwa, Member (J)]. -  The short issue in the present appeal of the Revenue is as to whether Modvat credit/Cenvat credit availed by the assessee in respect of the inputs, which were subsequently written off in the books of accounts has to be recovered or not. Commissioner, vide his impugned order has held that as long as in....

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.....T. 724 (Tribunal)] and in both cases relying on Tribunal decision in the case of M/s Bharat Heavy Electricals Ltd. v. C.C.E., Bangalore as reported in 2002 (50) RLT 208 (CEGAT-Bang) allowed party's appeal. While passing order in the case of M/s Bharat Heavy Electrials Ltd., Tribunal had also held that 'Since there was no prescribed time for consumption and further the goods in question were lying....