2002 (7) TMI 799

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..... . 2. Heard both sides. 3. Appellants are engaged in the manufacture of steel forgings. He also took job work of other manufacturers. In respect of the goods, manufactured by the appellants on job work basis, he also used some inputs received directly, on which he is availing the benefit of MODVAT Credit and cleared the semifinished goods after job work to the manufacturer and the manufacture .....

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..... ayment of duty. Applying the ratio of the Bajaj Tempo case, the chain of credit in the present case is to be extended upto the stage of polyster/polymer filament yarn cleared on payment of duty. The learned SDRhasnotbeen able to point out any fundamental difference between Notification 217/86 (which was under consideration in the Bajaj Tempo case) and Notification 214/86 (which is relevant in the .....

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