2001 (7) TMI 549

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..... nt. [Order].- The matter is today posted for consideration of Stay Application. Since the issue involved is simple and narrow in scope, the appeal itself is taken up for consideration after dispensing with the requirement for pre-deposit. 2. The appellants are manufacturers of welding electrodes. They took Modvat Credit on the inputs. The Modvat Credit was also available since the final p .....

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..... ing of credit, the appellant was not aware that part of the final products would be cleared to the Naval Authorities without payment of duty. Further, the law relating to requirement for reversal of credit in such cases was not clear inasmuch as the Tribunal had held in the case of CCE v. Premier Tyre Ltd., reported in 1992 (62) E.L.T. 104 (T) that in such cases also Credit would be available on i .....

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