1998 (6) TMI 259

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..... nt. [Order per : K.S. Venkataramani, Vice President]. In this case the Appellants are availing of Modvat credit. They have also made certain clearances of their final product duty free under Notification 263/87 which prescribes following of Chapter X procedure of the Central Excise Rules as condition for availing of Notification. The lower authorities denied exemption to the Appellant on .....

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..... of duty, the assessee should reverse the credit of the duty availed on the inputs which have gone into the production of the exempted final product. We have been informed that the Appellant have already effected such reversal of credit of inputs which has been used in the clearance of the final product under Chapter X procedure without payment of duty. We are also of the view that this cannot be .....

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