2003 (11) TMI 126

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..... the appellants are entitled to the Cenvat credit in respect of the inputs lying in stock when the benefit of the Cenvat credit was extended for the first time in respect of the aerated waters w.e.f. 1-4-2000. 2. The Commissioner (Appeals) has observed that Cenvat credit on the glass bottles was inadmissible prior to the issuance of the notification dt. 31-3-2000. The notification allowed Cenvat .....

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..... rcumstances are not entitled to the credit in respect of the glass bottles and the other inputs lying in stock as on 1-4-2000. The said decision has been taken after taking into account all the provisions of law and the earlier decisions. 4. Accordingly by following the ratio of the decision in the case of M/s. Lumbini Beverages we reject the appeal and uphold the impugned order. - - TaxT .....

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