2006 (5) TMI 364

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..... espondent. [Order per : T.V. Sairam, Member (T) (for the Bench)]. It is the application filed by the revenue which is challenging the order of Commissioner (Appeals) made on 19-12-05. In the impugned order the Commissioner (Appeals) has given the findings as under :- The appellants have also contended that there is no specific provision in the Cenvat Credit Rules, 2002 which would jus .....

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..... dutiable goods at that point of time, credit will be available to the manufacturer. If subsequently, the dutiable product becomes exempted product, that would not revive the question of credit admissibility on the capital goods since that stands determined at the time the capital goods are received. The appellants further contended that Rule 6 of the Cenvat Credit Rules, 2002 does not provide tha .....

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..... iously contained those inputs on which credit had been utilised by them. Therefore, the Modvat credit taken in respect of such stock has to be reversed or else this would cause unjust enrichment to the Respondent. 4. According to the learned Counsel for the Respondent, appellant is a watch part manufacturing unit. Inputs such as brass strip, steel strip etc. go into a variety of final products l .....

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