2005 (1) TMI 457

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..... for the Respondent. [Order per : P.S. Bajaj, Member (J)]. -  In this appeal, the issue relates to the denial of Deemed Modvat credit to the appellants in terms of Notification No. 58/97-C.E., dated 30-8-1997. 2. We have heard both the sides. 2. The appellants had purchased duty-paid inputs from M/s. Prince Agro & Allied Industries and M/s. Sahara Steel Rolling Mills. 3. We .....

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..... Tubes Ltd. v. CCE, Chandigarh [2001 (135) E.L.T. 1152 (Tri.) = 2001 (47) RLT 43 (CEGAT-Delhi)] wherein it has been observed that interest not being part of the duty, deemed credit could not be denied to the assessee on the duty paid inputs received from a manufacturer. Therefore, the impugned order, in this regard, also deserves to be set aside. 5. Consequently, the appeal of the appellants .....

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