9911796707
TMI Blog1998 (6) TMI 282X X X X Extracts X X X X X X X X Extracts X X X X ..... wal, Member (T)]. The issue involved in the appeal is whether proforma credit is to be reversed in respect of the inputs lying in stock on the date the scheme was made inapplicable to the appellants. 2. Ms. Ginny Bedi, ld. Advocate, submitted that the appellants manufacture aluminium wire rods out of aluminium ingots and that they were availing of proforma credit under Rule 56-A of the Cen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tling Co. and Others reported at 1998 (99) E.L.T. 671 (T) - 1996 (15) RLT 642 that once the credit in respect of specified inputs has been taken and there is no dispute in regard to the use of the inputs for the specified finished products, the credit cannot be reversed even when the particular input may be deleted from the specified categories under Rule 57-A. She submitted that this decision is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f both the sides. It is not in dispute that when the inputs were brought in these were covered by the scheme of proforma credit under Rule 56-A(3). These were to be used in the manufacture of declared finished product which was also covered by the proforma credit scheme. We are not convinced by the argument of the Revenue that the decision in the case of Ludhiana Bottling Co. is not applicable to ..... X X X X Extracts X X X X X X X X Extracts X X X X
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