2004 (1) TMI 248 - AT - Central Excise

Summary

The appeal was against the Commissioner's order limiting credit for inputs used in manufacturing final product to Rs. 3.50 per sq. mtr. Appellants argued for Rs. 5.25 per sq. mtr. The Tribunal ruled in favor of the appellants, allowing credit of Rs. 5.25 per sq. mtr. for clearances after May 16, 1990. Duty confirmed was Rs. 12,40,566.94 with a penalty of Rs. 25,000 imposed. The appeal was allowed.