9911796707
TMI Blog2009 (4) TMI 605X X X X Extracts X X X X X X X X Extracts X X X X ..... der per : S.S. Kang, Vice-President]. Heard both sides. The miscellaneous application for condoning the delay in filing the appeal is allowed. 2. As the common issues are involved in both the appeals, the same are being taken up for hearing together. 3. The appellants, M/s. TIL Ltd., are engaged in the manufacture of excisable goods. Part of the excisable goods so manufactured are cleared ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation. Therefore, the inputs which are already in stock and the credit has already been taken, were used in the manufacture of final product and at the time of clearance of goods under exemption notification, the proportionate credit is reversed and this aspect is not in dispute. It is also submitted that 80% of the inputs are imported and no credit is availed as the imported goods is not leviable ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uct was cleared under Notification No. 10/97-C.E., dated 1-3-97 to the Defence Research Development Organization without payment of duty. At the time of clearance of such goods, the appellants are reversing credit availed on the inputs and this fact is not in dispute. In these circumstances, we find that the demand is not sustainable as the proportionate credit has been reversed in respect of the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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