1995 (12) TMI 162 - Central Excise

Extract:
.......ed products in stock on 1-4-1990 would also bear nil duty. Therefore to the extent of duty element in the raw materials used for the manufacture of finished goods lying in stock on 1-4-1990, Modvat credit could not be availed. 5. emsp The contention of the appellant is without merit. The impugned orders are correct. Appeal is accordingly dismissed.