2003 (6) TMI 397

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Member (J)]. Heard both sides. 2. The Revenue filed this appeal against the order-in-appeal passed by the Commissioner (Appeals). 3. Brief facts of the case are that the respondents are engaged in the manufacture of excisable goods classifiable under Chapter Heading 72 of Central Excise Tariff Act, 1985. The respondents opted for Compounded Levy Scheme for payment of excise duty on their .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... opted for the Compounded Levy Scheme. The remaining amount of credit was already utilised towards payment of duty, therefore, that amount cannot be recovered. However, the respondents admitted that they are only liable to reverse the credit of Rs. 19,790/- which was lying in their Modvat credit on the date when they opted for Compounded Levy Scheme. 6. We find that the Larger Bench of the Tribun .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X