2000 (9) TMI 343 - AT - Central Excise

Summary

The appellants paid duty on end products and took Modvat credit on inputs. They opted for exemption under Notification No. 8/99 dated 28-2-1999, requiring payment equivalent to credit allowed on inputs in stock. They paid Rs. 1,17,646/- as required by Rule 57H(7). Their refund claim was rejected, and the appeal was dismissed as the payment was in accordance with the rule.