1993 (7) TMI 171

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..... he Appellants. Shri V.C. Bhartiya, JDR, for the Respondents. [Order per : Jyoti Balasundaram, Member (J)]. - The common issue to be decided in all the above 5 appeals is the admissibility of the modvat credit on rejected ingot scrap and ingot cuttings received by M/s. Kartar Steels Pvt. Ltd., a Unit engaged in the manufacture of iron and steel ingots falling under Heading 7206.90 of CETA, 1985 .....

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..... anti Steel Industries and M/s. Hamco Industries. A demand of duty of Rs. 88,981.09 being modvat credit availed during the period 8-9-1988 to 14-11-1988 has been confirmed by the Additional Collector of Central Excise and a penalty of Rs. 20,000/- has been imposed against which appeal bearing E/347/90-NRB has been filed. E/3320/90-NRB has been filed against the order confirming duty demand of Rs. 3 .....

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..... and Shri Shanti Kumar, Proprietor of Shanti Steel Industries. These persons further explained that having found the steel ingots unfit for re-rolling by them on account of defects had rejected the same, and sold them as ingot scrap or ingot cuttings to M/s. Kartar Steels under cover validly endorsed gate passes. Both the suppliers of the inputs have tendered a reasonable and plausible explanation .....

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