2007 (1) TMI 332

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..... he appellant manufactures hot re-rolled products of non-alloy steel (CTD bars and rods etc.). For the said manufacture, it receives M.S. ingots from M/s Dina Metals Ltd. 2. The dispute in the present case is over the eligibility of a Modvat credit of over Rs. 3 lakhs, taken by the appellant in regard to two consignments of ingots (about 426 metric tons) received on 18-3-2000 and 24-3-2000. The s .....

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..... ns specified in the notification like direct purchase from manufacturer and payment under cheques also remain satisfied. The learned counsel also points out that an identical case was decided by this Tribunal in favour of the assessees vide final order No. A-1503-04/03/NB (S) dated 4-12-2004 and the said order was relied upon in the proceedings before the Commissioner, but the Commissioner did not .....

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