2004 (12) TMI 462

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..... Kumar, SDR, for the Respondent. [Order per : S.S. Sekhon, Member (T)]. - After hearing both sides, it transpires that the main appeal could be disposed off, at this stage. We take up the same for disposal, after waiver of pre-deposit requirement. 2. Appellants, a manufacture of P & P medicaments is working under CENVAT Scheme & availing benefit of Notification No. 8/2000-C.E., dated 1-3-2 .....

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..... it so availed could be either used for payment of duty when the SSI unit crossed the exemption limit of Rs. 100 lakhs or the credit could be refunded as per Modvat rules. We find no reasons not to extend the same interpretation, under the subsequent SSI Notification i.e. 8/2000 or and restrict debit entries against the accumulated credit unless & up to the time Rs. 100 lakh clearance is reached as .....

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