2001 (2) TMI 164

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..... sed by the Collector, Bangalore. 2. The appellants are engaged in the manufacture of lead acid storage batteries and parts thereof. They are classifiable under Heading 85.07 of the Central Excise Tariff Act. 3. Arguing for the appellants Shri Sasidharan submitted that various inputs like synthetic rubber, natural rubber, reclaimed rubber, carbon black, sulphur etc. were mixed in a rubber mixin .....

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..... he compounded rubber is marketable, the same is exempt in terms of Notification No. 71/68 dated 1-4-1968. In terms of the notification the credit of duty paid on inputs used in the manufacturer of compounded rubber should not be availed under Rule 56A or 57A. The appellants have reversed the Modvat credit on the inputs used in the manufacture of containers/covers which are further used in the manu .....

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..... to remand the matter on this limited issue. With reference to the exemption in terms of Notification No. 71/68, she has nothing to argue in view of the decision of the Supreme Court in the case of Chandrapur Magnet Wires (Pvt.) Ltd. We have carefully considered the submissions made by both sides. Without going into the merits and demerits on the issue of marketability, we find that there is some .....

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