2007 (1) TMI 46

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....n-appeal passed by the Commissioner (Appeals). In this case, the appellants are engaged in the manufacture of polyester monofilament yarn. Certain quantity of yarn was cleared at concessional rate of duty under Notification No. 76/88 for slide fasteners. The condition of the notification is that procedure set out in Chapter X of Central Excise Rules is to be followed. The appellant cleared the goo....

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....the appellant cleared the goods against CT-2 certificates issued by the Excise authorities in favour of the recipient of the goods and these certificates authorized the recipient to get the goods at concessional rate of duty for specified purposes. As the recipient of inputs procured, the after furnishing necessary bonds with the condition that these will be used for specified purposes, therefore,....

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....slide fasteners and the procedure set out under Chapter X to be followed. As per provision of Chapter X Rule 192 of Rules provides that on application filed by the assessee and on furnishing of proper bond, the excise officer will issue a certificate authorizing him to receive the goods at concessional rate of duty. Rule 196 provides that if such excisable goods obtained under Rule 192 are not dul....