2004 (8) TMI 216

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.... (T)]. - The appellant is a manufacturer of tractors. Smaller tractors (below 1800 CC) are exempt from Central Excise duty. The appellant manufactured both dutiable and exempt varieties by using inputs on which Modvat credit was taken. They paid 8% of the value of the exempted tractors, at the time of their clearance, on the ground that they were taking Modvat credit in respect of engines used in ....