2003 (11) TMI 5

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....1. When the case was called, none appeared on behalf of the respondents, inspite of notice. Heard the learned SDR.     2.      The Revenue filed this appeal against the Order-in-Appeal  passed by  the Commissioner (Appeals). In this case, the respondents were availing the benefit of Modvat credit in respect of inputs used in the manufacture of f....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e Rules the credit on inputs is not allowable if the final product is fully exempted or cleared at nil rate of duty. In the present case, as the respondents are clearing the goods without payment of duty, they are not entitled to the benefit of Modvat credit in respect of inputs used in such final products.    4.      We find that this issue is already covered....