2007 (11) TMI 115

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..... nbsp;Heard both sides.  2. The Appellants have stock of inputs as on 1-4-2000 which were bought from the units working under Compounded Levy Scheme which stood abolished from 31-3-2000 and Board's Circular No. 522/2000, dated 31-3-2000 permitted the assessees such as the Appellants to take deemed credit of duty in respect of such inputs. The Appellants have stock of inputs entered in their R .....

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..... he credit to the Appellants leading to the present proceedings. 3. In view of the fact that the Appellants are clearly entitled to the credit in respect of the inputs lying with them on 1-4-2000 and the quantum of credit taken by them has not been questioned, we are of the view that the proceedings proposing to deny the credit to them is not legal and proper. Accordingly , the impugned order is s .....

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