2006 (1) TMI 372

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..... filed by Revenue. It is contended that for payment of duty of the first fortnight of August 2000, the respondents had utilized the credit of Rs. 3,40,122/- which was availed by them during the period from 16-8-2000 to 18-8-2000. The duty for the first fortnight of August, 2000 was paid on 19-8-2000. Rule 57 AB was amended by Notification No. 48/2000-C.E. (N.T.) dated 18-8-2000 providing that credi .....

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..... have paid the duty from PLA, this credit would have been available with them for payment of duty for the next fortnight. I find that the view taken by the Commissioner (Appeals) that the exercise is revenue s neutral is correct. Therefore, I do not see any merit in the appeal filed by the revenue and reject the same. Order dictated pronounced in open Court on 5-1-2006. - - TaxTMI - TMITax .....

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