2007 (11) TMI 255

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....f of the Revenue. None appeared on behalf of the respondent in spite of notice. There is no application for adjournment. 2. After hearing the learned Authorized Representative (DR) and on perusal of the record, I find that the issue involved in this case is availment of Modvat credit on left out exempted goods on a subsequent date when the bulbs exceeding 60W became non-dutiable w.e.f. 24-7-91 ....

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....ducts availed initially part credit attributable to inputs intended to be used for the manufacture of dutiable final products and the remaining credit was left as related to inputs to be used in exempted goods. Since, in the guidelines issued by the CBEC, there was a provision for final adjustment after actual use of the inputs, the appellant finding that final consumption of inputs was more than ....