2003 (7) TMI 565

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Respondent. [Order]. - In this appeal which has been filed by the appellants against the impugned order-in-appeal, the issue relates to the availability of Modvat credit in respect of capital goods received by the appellants in their factory prior to 1-4-2000, but installed later on. Both the authorities below by placing reliance on the Board's Circular No. 522/2000, has disallowed the credit. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... able to the extent of 50%. The Board has also issued Circular dated 3-4-2000 which the learned Commissioner (Appeals) has failed to refer in the impugned order, that CENVAT credit would be admissible to the manufacturer in respect of the capital goods which were received by him prior to 1-4-2000, but not installed up to 1-4-2000. The mandatory provisions of Rule 57AC(2)(c) referred to above and th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X