2005 (11) TMI 476

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..... gat, SDR for the Respondent ORDER Per : Mr. Archana Wadhwa, Member (Judicial) : 1. After allowing the stay petition, we take up the appeal itself inasmuch as the issue is covered by the earlier decision of the Tribunal. Cenvat credit has been denied to the appellants on the ground that inasmuch as the activity of drawing of steel wires from rods does not amount to manufacture and the appellants .....

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..... 2005 (179) ELT 276 (SC), wherein modvat credit sought to be denied by the revenue on the ground that the final product was exempted, was held available to the assessee on the ground that the entire exercise was revenue neutral. The ratio of the above decisions fully applied to the facts of the instant case. Accordingly, we set aside the impugned order and allow the appeal with consequential relie .....

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