2007 (1) TMI 448

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..... I have heard both sides on the appeal against the order of the Commissioner of Central Excise (Appeals), Nagpur upholding the duty demand of Rs. 2,63,243/- representing credit of SED utilized towards payment of Central Excise duty on final products and imposing penalty of Rs. 50,000/-. The duty has been confirmed as a result of holding that the appellants were not entitled to availment of the c .....

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..... iod during the final products are to be cleared and does not restrict utilization of credit during that period, particularly when the Rule itself was introduced in the statute only in August, 1993. 3. I, therefore, hold that the credit was admissible to the assessee towards payment of duty on final products cleared after 28-2-1993 and prior to 31-3-1994, set aside the impugned order and allow th .....

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