2000 (7) TMI 475

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..... rder]. - Revenue filed this appeal against the order-in-appeal dated 7-7-1999 passed by the Commissioner of Central Excise (Appeals). 2. In the impugned order, the benefit of Modvat credit in respect of flex oil and lubricating oil was allowed to the respondents. 3. Ld. DR, appearing on behalf of the revenue submits that flex oil and lubricating oil are not inputs in terms of Rule 57 .....

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..... nufacture of compounding rubber, which is used in the manufacture of their final proudct i.e. 'V' belts. This fact is not controverted by the revenue. Therefore, the flex oil is an essential input for the manufacture of final product. 7. In view of the above discussion, I find no merit in the appeal and reject the same. The cross-objection filed by the respondents is also disposed of in the .....

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