1996 (10) TMI 431

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..... llant. Shri Satnam Singh, SDR, for the Respondent. [Order per : S.S. Kang, Member (J)]. - The appellants are engaged in manufacture of cold-rolled coils/sheets of steel out of Hot-rolled coils and sheets of steel. The benefit of Modvat credit is denied to the appellant on the ground that appellants cleared the final product on payment of duty to M/s. Nippon Denro Ispat Ltd. and to M/s. Dewas M .....

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..... they received goods under the cover of gate pass showing payment of duty, they took Modvat credit on the basis of these documents. There is no marking on the goods received hence it is not possible to ascertain whether the goods returned are the same which have been cleared by the appellant and they received goods for further reducing thickness. Cold-rolled and hot-rolled coils were declared as i .....

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..... mentioned in the letters that thickness be reduced after decoiling of coil. All the letters are similarly worded. There is no mention of rates or conditions of payment for the job work. 5. The appellant took the credit on the basis of documents sent by the consignees with goods in RG 23A Part II, but had not entered the goods received as inputs in the RG 23A Part I and in the raw material re .....

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