1997 (5) TMI 113 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT in New Delhi upheld the duty rate of Rs. 700/MT on inputs for a manufacturer under Rule 57F(1)(ii) of the Central Excise Rules, 1944. The tribunal found no ambiguity in the rules and rejected the appeal as the duty payable was determined to be Rs. 700/MT, higher than the deemed Modvat credit of Rs. 500/MT. The decision was based on the specific requirement of the law and the proviso under Rule 57(F)(1)(ii).