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TMI Blog1996 (12) TMI 191X X X X Extracts X X X X X X X X Extracts X X X X ..... nt. Shri Jangir Singh, JDR, for the Respondent. [Order per : J.H. Joglekar, Member (T)]. - These three appeals involve common facts and same points of law and are, therefore, taken up together for disposal. 2. We have heard Shri Madhwan, C.A. for the appellants and Sh. Jangir Singh, ld. D.R. for the Revenue. 3. The appellants owned an electric arc furnace for manufacture of steel i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... should not be dis-allowed. These three show cause notices covered the period from May, 1991 to July, 1992. The Collector passed three different orders disallowing a total Modvat credit amounting to Rs. 67,94,566.75 and also imposing penalties of a total sum of Rs. 3 lakh. The present appeals are against these orders. 4. In denying the credit on the inputs, namely, steel ingots, etc., which ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... at since the assessees were manufacturing both ingots and products rolled therefrom, there was nothing wrong in ingots being declared as both inputs and output. We find that his contentions are supported by the judgments of Tribunal in the case of Kreyan Precision Machines v. C.C.E., Meerut reported in 1995 (76) E.L.T. 110 as also C.C.E. v. Manali Petrochemicals Ltd. reported in 1996 (84) E.L.T. 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... steel. (i) ramming mass; (ii) sodium silicate used in the manufacturing of ramming mass; (iii) Acosets and similar chemicals; (iv) Oxygen and acetylene gas; and (v) thermoceouple tips. This judgment would cover all the disputed items except mild steel tubes. 7. As regards the M.S. tubes, the Collector has observed that these goods were used for carrying oxygen ..... X X X X Extracts X X X X X X X X Extracts X X X X
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