2009 (4) TMI 525

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..... spondent. [Judgment per : Prabha Sridevan, J.]. - The appellants are engaged in the manufacture of Non-alloy steel falling under Chapter sub-heading 7206.90 of the first Schedule to the Central Excise Tariff Act, 1985. They had a stock of 1966.031 M.Ts. of inputs lying in stock and 69.54 M.Ts. of steel ingots contained in the finished products lying in stock as on 1-8-1997. With the introductio .....

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..... fore the Commissioner Appeals. The appellate authority, following 2001 (138) E.L.T. 296 (Savitri Concast Pvt. Ltd. v. CCE, Jaipur) came to the conclusion that in view of Rule 57H(7) read with 57F(17)(c) and since the assessee had come under the Compounded Levy Scheme and since they had not opted for exemption from payment of duty, their case was covered by the decision cited supra and allowed the .....

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..... ) on the first day of August, 1997, with the manufacturer of ingots and billets of non-alloy steel falling under heading Nos. 7206.90 and 7207.90 of the Schedule to the Central Excise Tariff Act, 1985 (5 of 1986), and who is required to pay duty under Section 3A of the Central Excise Act, 1944 (1 of 1944), shall lapse and shall not be allowed to be utilized for payment of duty on any excisabl .....

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