1996 (5) TMI 164

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..... en K. Dhar, Member (T)]. This revenue appeal is directed against order-in-appeal No. 317-CE/KNP/85, dated 20-9-1985 of Commissioner (Appeals). 2. The issue relates to admissibility or otherwise of proforma credit in case of duty paid stampings and laminations brought into factory as inputs for the manufacture of electric fans when at the intermediate stage electric motors are exempted from .....

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..... s no dispute about the fact that electric motors are not removed from the factory but are used captively in the manufacture of fans. It is now well settled law that even if intermediate products which are fully exempted are produced profroma credit cannot be denied provided goods are captively used in the manufacture of final products. In the result, we reject the revenue appeal and uphold the imp .....

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