2000 (10) TMI 115 - AT - Central Excise

Summary

The assessee took deemed credit on steel sheets at Rs. 500/- per metric tonne, later increased to Rs. 700/- per metric tonne. The Collector (Appeals) allowed the credit to be taken even after eight months. The Tribunal held that as long as requirements are satisfied, credit can be taken at any time. The appeal by the Commissioner was dismissed.