2005 (3) TMI 667

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..... S.C. Pushkarna, JDR, for the Respondent. [Order per : Jyoti Balasundaram, Vice-President]. -  By the impugned order, Commissioner of Central Excise, Kolkata has confirmed the duty demand of Rs. 5,92,43,646/- by disallowing Modvat credit taken on aluminium used in the manufacture of flat and coil form sheets, plates, slugs, circles and ovals and imposing penalty of amount equal to duty. He h .....

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..... triction of credit on ingots used only in the manufacture of corrugated sheets is not justified. We hold that credit of duty paid on ingots used in the manufacture of all the final products of the assessees is admissible to them, set aside the impugned order and allow the appeal. (Operative part of the order already pronounced in the open Court on 14-3-2005)
Case laws, Decisions, Judgements, .....

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