1998 (11) TMI 194

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..... Ld. Counsel stated that this is a stay application filed w.r.t. to Order-in-Appeal passed by Commissioner (Appeals), Ghaziabad dated 26-11-1997. The matter relates to availment of Modvat credit. The appellants are manufacturing a number of items and they had filed a declaration in the normal course under 57A in respect of those items. Subsequently they started manufacturing a third item but .....

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..... here is no dispute that the inputs were duty paid and were utilised in the manufacture of the final product about which a classification list was filed and was in existence. Further more, the A.C. had power to condone the delay in terms of Rule 57G(5) and the inputs and the final product were covered by 57A and it is also well settled that credit taken in respect of one input could be utilised for .....

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