2004 (10) TMI 166

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..... sides and perusal of the records. I am of the view that the appeal itself can be disposed of. Accordingly, after granting the waiver of the requirement of pre-deposit, I proceed to dispose of the appeal. 2. The case involves the denial of Modvat credit of over Rs. 2 lakhs to the appellant. This is the duty paid by them on crude Iodine which is used in the production of Iodine of I.P. standard. T .....

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..... e Final Order No. 479/2004-B, dated 16-4-2004 [2004 (171) E.L.T. 400 (T)] in the case of Biotech Synergy Ltd. v. C.C.E., Indore in Appeal No. E/1572/2003-NB(B). 4. The Revenue's stand is self-contradictory and cannot be accepted. If conversion of crude Iodine of I.P. grade is manufactured for the purpose of assessing duty, whatever goes into its manufacture is entitled to Modvat credit. The impug .....

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