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2003 (11) TMI 5 - CESTAT NEW DELHI
Clearance of goods under chapter X - Revenue contended that as per Rule 57C the credit on inputs is not allowable if the final product is fully exempted or cleared at nil rate of duty - held that the clearance under Chapter X or under bond is not the same thing as clearance of goods wholly exempt or goods chargeable to nil rate of duty. Therefore, the provisions of the Rule 57 C are not applicable - no infirmity in the impugned order and revenue’s appeal is rejected