2002 (6) TMI 483

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..... Appeal filed by M/s. Shri Ambica Steel Industries, the issue involved is whether deemed Modvat credit under Notification No. 58/97-Central Excise, dated 30-8-97 is available to them. 2. Shri K.K. Anand, learned Advocate, submitted that the Commissioner (Appeals) under the impugned Order has denied them the deemed Modvat credit under the Notification on the ground that interest on the delayed pay .....

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..... sidered the submissions of both the sides. Notification No. 58/97 provides for availment of Modvat credit of deemed duty in respect of the inputs specified in the Notification and on which duty has been paid under Section 3A of the Central Excise Act. Para 4 of the Notification provides that the provisions of this Notification shall apply only to those inputs which has been received directly from .....

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