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2008 (6) TMI 200 - CESTAT, CHENNAICompounded levy scheme – Cenvat Credit - ingots and billets of non-alloy steel, on which duty of excise was paid or to be paid under Section 3A of the Central Excise Act, stood specifically excluded from the coverage of Notification No. 5/94-C.E. (N.T.) dated 1-3-1994 issued by the Central Government under Rule 57A of the Central Excise Rules, 1944, thereby meaning that the said goods were not specified as inputs for the purpose of input duty credit under Rule 57A – Held that - the appellants were not entitled to utilise CENVAT credit taken on inputs, for payment of duty on non-alloy steel ingots and billets under the compounded levy scheme and, therefore, the demand of duty raised in the impugned order is liable to be honoured. – Demand upheld – penalty reduced.
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