1997 (11) TMI 206 - AT - Central Excise

Summary

The appeal involved the question of irregular credit taken on duty-paid Blooms, declared as Axle Blooms for Proforma Credit. Lower authorities denied the credit reversal, but the Tribunal agreed with the appellant's argument that there is no distinction in Tariff between Blooms and Axle Blooms. The appeal was allowed on the basis that the objection by the Revenue was hyper-technical, and the demand of duty reversal was barred by time.