2009 (12) TMI 1020

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.... Shri Ashok Jindal  This appeal is filed by the Revenue. The brief facts of the case are that the respondents are engaged in the manufacture of M.S. Pipes fittings and had been taking credit on inputs and paying duty on its final products. They opted for availing SSI exemption vide Notification No. 8/2003 dated 01.03.2003 for the year 2005-06. During the scrutiny of monthly return submit....

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....e as in the case of Ashok Iron & Steel (supra), the finished final product was exempted from duty, but in this case the respondents have opted for SSI exemption, so the facts are different and the lower appellate authority has relied on different facts, hence the impugned order needs to be set aside. 3. On the other hand, Shri Mayur Shroff, learned Advocate appearing on behalf of the respondent....

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....ed by the Hon`ble High Court of Punjab & Haryana as reported in 2008 (224) ELT 239 (P&H), wherein the Hon`ble High Court has held that in the case of SSI exemption, reversal of credit when assessee opted for small scale exemption  No one to one relationship of inputs used and the final products manufactured and cleared from the factory  credit of duty paid on inputs cannot be confined to....