2007 (5) TMI 523

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... . Thakur, Jt. CDR, for the Respondent. [Order per : C.N.B. Nair, Member (T)]. The appellant manufactures machinery parts from steel sheets. For that, it receives steel sheets from M/s. Hero Cycles and other parties. Cenvat credit is available to the appellant in respect of the steel sheets received and the appellant had been availing of that credit. The period involved is November 2002 t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... d out some cold rolling processes on the HR sheets used by it. The contention of the appellant was that the discrepancy in description so resulting is no basis for denying credit as there is no dispute that the input received from Hero Cycles had actually been used for production and clearance after payment of duty. This contention was rejected in adjudication and demand confirmed. The present sta .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... xcisable finished products. Thus, the dispute seems to be merely about discrepancy between the descriptions in the books of accounts of two companies. A mere nomenclatural difference cannot be basis for denying Modvat credit. Particularly, when credit is available irrespective of what variety of sheets is used in the production of final products. 6. In view of what is stated above, the demand of .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X