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TMI Blog1996 (12) TMI 191X X X X Extracts X X X X X X X X Extracts X X X X ..... der per : J.H. Joglekar, Member (T)]. These three appeals involve common facts and same points of law and are, therefore, taken up together for disposal. 2. We have heard Shri Madhwan, C.A. for the appellants and Sh. Jangir Singh, ld. D.R. for the Revenue. 3. The appellants owned an electric arc furnace for manufacture of steel ingots. They also had a rolling mill in which using the ingo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... covered the period from May, 1991 to July, 1992. The Collector passed three different orders disallowing a total Modvat credit amounting to Rs. 67,94,566.75 and also imposing penalties of a total sum of Rs. 3 lakh. The present appeals are against these orders. 4. In denying the credit on the inputs, namely, steel ingots, etc., which constituted the largest portion of the sum demanded, the Collec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rolled therefrom, there was nothing wrong in ingots being declared as both inputs and output. We find that his contentions are supported by the judgments of Tribunal in the case of Kreyan Precision Machines v. C.C.E., Meerut reported in 1995 (76) E.L.T. 110 as also C.C.E. v. Manali Petrochemicals Ltd. reported in 1996 (84) E.L.T. 22. The judgment in the case of Eimco Elecon (India) Ltd. v. C.C.E. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uring of ramming mass; (iii) Acosets and similar chemicals; (iv) Oxygen and acetylene gas; and (v) thermoceouple tips. This judgment would cover all the disputed items except mild steel tubes. 7. As regards the M.S. tubes, the Collector has observed that these goods were used for carrying oxygen gas into the molten metal and were, therefore, not an input. 8. Shri Madhwan refers us to t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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