2001 (2) TMI 164

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.... - This appeal arises out of and is directed against the impugned order dated 14-12-1994 passed by the Collector, Bangalore. 2. The appellants are engaged in the manufacture of lead acid storage batteries and parts thereof. They are classifiable under Heading 85.07 of the Central Excise Tariff Act. 3. Arguing for the appellants Shri Sasidharan submitted that various inputs like synthetic rub....

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.... and the same has not been discharged. 4. Assuming that revenue is correct in holding that the compounded rubber is marketable, the same is exempt in terms of Notification No. 71/68 dated 1-4-1968. In terms of the notification the credit of duty paid on inputs used in the manufacturer of compounded rubber should not be availed under Rule 56A or 57A. The appellants have reversed the Modvat credi....

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....s brought on record to show that the item as such is capable of being marketed. She has no objection to remand the matter on this limited issue. With reference to the exemption in terms of Notification No. 71/68, she has nothing to argue in view of the decision of the Supreme Court in the case of Chandrapur Magnet Wires (Pvt.) Ltd. We have carefully considered the submissions made by both sides. W....