2001 (1) TMI 477

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..... S.L. Peeran, Member (J)]. This appeal arises from Order-in-Appeal No. 61/95(CBE), dated 16-5-2000 by which the Commissioner (Appeals) has denied the benefit of Modvat credit on Low Sulphur Heavy Stock (LSHS) which is used in the production of power (electricity) which in turn is used in the manufacture of dutiable final products. 2. Learned Counsel Ms. Maithili submits that the issue was t .....

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..... expressed by the learned Member (T) in the Larger Bench judgment, which according to the learned SDR is a correct view and the department is still agitating before the Hon ble Supreme Court. 4. On a careful consideration of the submissions, we notice that the issue has been settled by the Larger Bench judgment and as a co-ordinate Bench, we are required to follow the ratio thereof. This Bench ha .....

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