2007 (7) TMI 156 - AT - Central Excise

Amendment to Rule 57F C.E. providing that credit on 1.8.97 will lapse, who fall under newly introduced Compounded Levy Scheme Appellant were not required to work under the new scheme in view of amendment so question of lapse of credit does not arise Credit not deniable

Summary

The appellants manufactured wire rods falling under sub-heading 7213.90. Initially covered under Compounded Levy Scheme, but excluded due to amendment. Appellants paid duty under normal procedure, so credit lapsing provision not applicable. Impugned order set aside, appeal allowed.