2004 (9) TMI 516

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... r]. This appeal is filed by the Revenue. 2. Shri V. Valte, learned SDR appearing for the Revenue pleaded that the respondents are manufacturing forged products and they have claimed Modvat credit on LDO as inputs in the manufacture of final products. The period involved in this case is from April, 1994 to December, 1994 and the amount of Modvat credit involved is Rs. 34,525/-. The Original .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... venue that the electricity is not fuel and during the relevant period, the respondents were not eligible for credit; and the decision of Ballarpur Industries v. CCE, Belgaum - 2000 (116) E.L.T. 312 is not applicable. 3. Shri Ram Kumar Agarwal, learned Advocate appearing for the respondents pleaded that they are using LDO as fuel in their burner as iron sheets and rods are made red hot with the h .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X