2017 (4) TMI 85

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..... nd Hydrochloride Acid used for producing G.I. Wires appear to be incorrect and recoverable - Held that: - the Adjudicating Authority has not substantiated the charge that the said quantity of GI Wires has been put to only process of galvanisation. It was recorded that the said quantity of GI Wires has been captively used in the manufacture of stay wire and barbed wire, which have been cleared on p .....

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..... es does not amount to manufacture in terms of Rule 2(f) of the Central Excise Rules, 1944, accordingly, the Cenvat credit availed on H.B. Wire, Zinc, Furnace Oil and Hydrochloride Acid used for producing G.I. Wires appear to be incorrect and recoverable. Accordingly, the proceedings were initiated, which resulted in confirmation of demand of ₹ 19,90,169/- and imposition of equal amount of pe .....

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..... d be restored. 4. We have perused the impugned order accordingly. 5. It is recorded that the disputed product of 683.584 Mts. of GI Wire has been used for captive consumption by the respondent for production of stay wire and barbed wire, which are the final products for the respondent and removed on payment of duty. It was further recorded that the Adjudicating Authority has not substantiate .....

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