TMI Blog2002 (12) TMI 164X X X X Extracts X X X X X X X X Extracts X X X X ..... appeared for the appellants. A letter dated 30-10-2002 has been filed by M/s. Arhat Industries, asking for adjournment on the ground that the appellant's factory is closed since 1997 and with the death of the main Director in May 1992, there was nobody to take care of the matter. The letter has, accordingly, sought adjournment of the case. Since the appeals are of 1998 and the request for adjournm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... premises and that such short term storage outside the factory premises is no ground for denying Modvat credit. In their submissions before the lower authorities and in the present appeals they have submitted that the purchase and utilization of the inputs was entirely in accordance with Modvat rules inasmuch as the inputs were purchased under invoices of manufacturers and taking of credit was wit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mission from the Commissioner. 3. It is clear from the records of the case that there is no dispute whatsoever about the receipt of the inputs in the factory and its utilization by the appellant in the manufacture of finished products. Similarly the aforesaid circulars of the Commissioner and Circular No. 206/40/96 CX., dated 1-5-96 issued by the Central Board of Excise and Customs permit storag ..... X X X X Extracts X X X X X X X X Extracts X X X X
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