TMI Blog2015 (10) TMI 1145X X X X Extracts X X X X X X X X Extracts X X X X ..... e for payment of duty at the time of clearance of imported inputs into DTA. Undoubtedly in matters of CENVAT credit, there is no one-to-one correlation and if the appellants have used such credit for payment of duty for clearance of imported raw materials, they would not be in a position to use the same at the time of clearance of the final product. As such at this stage by treating the said rever ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s and intermediates falling under chapter 29 of the first Schedule to the Central Excise Tariff Act (CETA), 1985. The appellants are procuring imported as well as indigenous raw materials without payment of duty in terms of Notification No.52/2003-Cus. dt. 31/03/2003 and Notification No.22/2003-CE dt. 31/03/2003. Apart from above procurements, they are also procuring duty paid inputs indigenously ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for payment of duty on the manufactured final product. Instead the appellants have utilised the same for payment of duty at the time of clearance of imported inputs into DTA. Undoubtedly in matters of CENVAT credit, there is no one-to-one correlation and if the appellants have used such credit for payment of duty for clearance of imported raw materials, they would not be in a position to use the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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