2004 (10) TMI 505

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..... s appeal, which has been filed by the Revenue against the impugned order-in-appeal, the issue relates to the denial of Modvat credit to the respondents. 2. The learned JDR has contended that, at the relevant time, the Notification No. 27/2000-C.E. (N.T.) was in force under which the availment of Modvat credit by an assessee/purchaser of the inputs, was restricted to a specified rate, therefore, .....

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..... voices and availed the Modvat credit accordingly and the defective goods were returned by them to the manufacturer after reversing the credit and paying the duty in respect thereof for rectification of the defects. It also remains undisputed that the manufacturer after removing the defects, returned the goods to the respondents without availing any credit. He only gave reference to the invoices of .....

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