2008 (2) TMI 769

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.....  The duty of Rs. 3,56,307/- stands confirmed against the appellant by the authorities below by denying them the benefit of Modvat credit in respect of fabrics lying in stock as on 31-3-03 to 1-4-03. The said fabrics were introduced to Modvat credit w.e.f. 1-4-03 by insertion of Rule 9A of Cenvat Credit Rules, 2002. In terms of sub-rule (2) of the said Rule, appellants were entitled to Modvat .....

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..... ntion that the necessity to file multiple declarations arose inasmuch as they were not in a position and the invoices and other documents showing the value of the goods and quantum of duty involved, on account of strike in the industry. It is not the case of the Revenue that such goods were lying in the factory premises and the only reason for denial is that multiple declarations were filed instea .....

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