2013 (2) TMI 413

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..... e the goods, therefore, the credit in respect of the raw material is not available to the applicant - Notification 53/2003-Cus. - Held that:- Following the decision in case of Ajinkya Enterprises (2012 (7) TMI 141 - BOMBAY HIGH COURT) that once the duty on final product has been accepted by the Revenue, in such a case the credit cannot be denied. As the applicant had paid more duty than the credi .....

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..... the CENVAT Credit Rules and the goods were manufactured and thereafter the applicant paid duty by utilizing the credit as well as paying from PLA. The duty paid is much more than the credit now being denied. The contention is that Notification 53/2003-Cus. under which the goods have been imported, allows the import of raw material by a merchant exporter having supporting manufacturer whose name an .....

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