2010 (11) TMI 820

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.... The appellant is in appeal against the order of Commissioner (appeals) wherein the credit of Rs. 77,618/- was denied to them on which the appellant has claimed as inputs have gone in the working process and finished goods lying in their stock at the time of availing the exemption under Notification No. 8/03-C.E. dt. 1-3-03. 2. The brief facts of the case are that the appellant was claiming....

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.... the issue involved is in very narrow compass. 4. Learned Advocate appeared on behalf of the appellants submitted that as per inspection report, the inventory of inputs was [prepared such as work in progress and the finished goods were available in the factory of the appellant. It is not in dispute that as per Rule 3(2) of Cenvat Credit Rules, 2004, the appellant is entitled to claim credit ....

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....Credit Rules, 2004, the appellant is entitled for credit on the inputs in work in progress and inputs containing in finished goods as on the date the inputs work in progress lying in their stock and on the date of cross of SSI exemption limit. Accordingly, the appellant is entitled for credit on the inputs containing in work in progress and inputs containing in finished goods. The only dispute rem....