1993 (7) TMI 189 - AT - Central Excise

Summary

The appeal concerns transitional credit for inputs in process under Rule 57H. The Collector (Appeals) allowed the appeal, but the Revenue filed an appeal arguing that transitional credit is only available for inputs in stock. The Tribunal upheld the Collector's decision, stating that transitional credit should be allowed for inputs in any form, not just those in stock. The Assistant Collector needs to verify if duty-paid inputs are in the semi-processed goods. The appeal was rejected, but the Assistant Collector was given liberty to verify and allow credit if duty payment documents support it.