2003 (9) TMI 224

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....involved in this appeal, filed by M/s. Electrolux Kelvinator Ltd., is whether the Modvat credit of duty paid on inputs used in relation to manufacture of goods destroyed in fire is available to them. 2. Shri B.L. Narasimhan, learned Advocate, submitted that the Appellants manufacture refrigerator; that on 17-6-2000 there was a fire accident due to which refrigerators stored in newly constructed b....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....to intended use of manufacture of the final product which were destroyed by fire and duty thereon had been remitted under Rule 49 of the Central Excise Rules; that "the final product had not suffered duty only as a result of remission of duty given on fulfilling the conditions, therefore, under Rule 49 which is not to be equated to a general exemption from duty or the goods being charged to nil ra....