2004 (10) TMI 415

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..... t credit on two groun- ds - The first is in respect of bright steel bars which got consumed in the manufacture of steel wires and the second is in respect of LDPE granules sent to job worker for conversion into polythene bags. In the first case, credit is being denied on the ground that the bright steel bars are not inputs in the manufacture. Bright steel bars are used for holing and dipping wires .....

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..... e applications for extension of time are filed beyond the period of 60 days. 2. I have perused the record and heard the submissions made by both sides. Clearly, the use of bright steel bar is in relation to the manufacture of finished product. Therefore, it is to be treated as input. Denial of credit is not justified. In the case of LDPE granules, there is no dispute that raw material came back .....

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