2004 (11) TMI 436

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... (T)]. The issue involved in this Appeal filed by Revenue is whether Modvat credit is available to M/s. Shree Synthetics Ltd. in respect of DMT used in the manufacture of man-made yarn. 2. When the matter was called, no one was present on behalf of the respondents nor was there any request for adjournments. As the issue involved is in very narrow compass, we take up the Appeal for disposal .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... onsidering the submissions of learned Senior Departmental Representative and perusing the records, we observe that DMT is used by the respondents for manufacture of Methanol which in turn is used in the manufacture of man made yarn. It is not disputed by the Revenue that the methanol is removed by the respondents on payment of appropriate rate of Central Excise duty before it is used in the manufa .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X