2006 (5) TMI 327

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... g, Vice-President]. Heard both sides. The applicant filed this application for waiver of pre-deposit of duty of Rs. 50,45,263/-. The revenue confirmed the demand after denying the credit on the ground that processes undertaken by the appellant does not amount to manufacture. Therefore, the applicants are not entitled for the credit. 2. The applicants are manufacturing H.B. Wire and availin .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... E v. Naramada Chematur Pharmaceuticals Ltd. reported in 2005 (179) E.L.T. 276 dismissed the appeal of the revenue, by taking into consideration the facts of the case, that Modvat is equivalent to the duty paid by the assessee. Hon ble Supreme Court held as under : In the present case also revenue wants to deny the credit on the ground that final product is not dutiable whereas the appellant pai .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X