2003 (12) TMI 682

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..... yles Pvt. Ltd. who manufactured on job work for Mirc Electronics Ltd. cabinets for television sets by using moulds owned and supplied by the latter, could take credit under 57Q of the duty paid on these moulds by their manufacturer. In the order impugned in the appeal, the Commissioner has found such credit to be impermissible on the ground that the manufacturer was not the owner of the goods, dem .....

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..... ly introduced and after its amendment on 17.6.1994. It found that while the rule before its amendment prohibited taking of credit on capital goods that had not been transferred by direct purchase to the manufacturer after amendment Sub-rule (3) of Rule 57R specifically provided that credit would be allowed on such capital goods as were acquired on lease, hire purchase or loan subject to condition .....

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