TaxTMI 
TaxTMI 
2005 (7) TMI 265
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....ber 1999 & December 1999 cleared certain capital goods on payment of appropriate duty, in accordance with Rule 57S(1) of the Central Excise Rules 1944, by debiting the duty payable thereon in RG 23A Part II Account maintained for the credit of duty paid on inputs. 1.2 Commissioner vide in the impugned order, held that in terms of Rule 57F(12), the credit of specified duty allowed in respect of in....
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....nufactured in the said factory. 2.2 Such Capital Goods, when removed from the factory in terms of Rule 57S(1) are to be treated as if they are manufactured in the appellants factory. Thus Rule 57S(1) creates a fiction that Capital Goods on which credit has been taken are to be treated as goods manufactured in the factory, when removed from such factory. 2.3 For this fiction created would induce ....
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....lly used in the manufacture of such final product which would include final product by fiction of Rule 57S(1). The utilization of the credit of duty paid on the inputs towards payment of duty on such capital goods removed would be in accordance with the proviso to Rule 57F(12). 2.5 Demand is also found to be time-barred since there was no willful mis-statement or suppression of facts. In this vie....