2007 (10) TMI 166

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.... -1.  This appeal has been filed against the Order No. 201/2004, dated 30-11-2004 passed by the Commissioner of Customs & Central Excise (Appeals-II) Hyderabad. 2. The appellants are the manufacturers of man made fabrics which are excisable. They are entitled for deemed credit for their inputs in terms of Notification No. 2 (N.T.), dated 11-6-2001. During the relevant period, they were ent....

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....ds payment of duty and no credit of duty was available to them in their CENVAT account. He held that there cannot be any possibility of their debiting the duty in their Cenvat Account and the short payment of 5% of 16% in their Cenvat account is sufficiently neutralized by the debits made by them @ 55% of 16% on the total assessable value of Rs. 3,47,26,795/- in their PLA Account. The Commissioner....