2000 (11) TMI 974

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..... s settled in favour of the appellants, I take up the Stay Petition and Appeal together for disposal. 2. The appellants have been denied the benefit of Modvat credit of Rs. 2,55,182.73 availed by them in respect of the inputs used in the manufacture of the goods which have been ultimately exported through merchant exporters, on the ground the appellants were themselves not exporting the goods. T .....

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..... ond by merchant exporters. As in the instant case, there is no dispute that the goods have, in fact, been exported, by applying the ratio of the above decision of the Tribunal, I find the denial of Modvat credit to be not justified. Accordingly, I set aside the impugned Order and allow the appeal with consequential reliefs to the appellants. Stay Petition also gets disposed of. - - TaxTMI - TMI .....

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