2017 (9) TMI 1474

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..... e, Panchkula [2008 (10) TMI 54 - CESTAT, NEW DELHI], where it has been held that when the input credit legally taken and utilized on the dutiable final product, need not be reversed on the final product becoming exempt - credit allowed - appeal allowed - decided in favor of appellant. - Ex. Appeal No.493/11 - FO/75915/2017 - Dated:- 1-3-2017 - Shri P.K. Choudhary, Judicial Member Shri B. N .....

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..... 2003-CX dt. 29.05.2003, following the decision of the Hon ble Supreme Court, clarified that drawing of wire from wire rods does not amount to manufacture. The Commissionerate of Patna, issued Trade Notice No.09/05/MP/03 dated 21.07.2003 to the same effect. The appellant following the decision of the Hon ble Supreme Court and the Board s Circular and the Trade Notice stopped payment of duty on the .....

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..... LB), which was upheld by the Hon ble High Court. It has been held that when the input credit legally taken and utilized on the dutiable final product, need not be reversed on the final product becoming exempt. 6. In view of the decision of the Larger Bench of the Tribunal, the impugned order is set aside and the appeal filed by the appellant is allowed. (Operative part of the order was pr .....

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