2004 (10) TMI 182

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..... sue relates to the duty demand in respect of the inputs lying in stock of the appellants as unutilised. 2. The facts are not much in dispute. The appellants are engaged in the manufacture of CTD bars/round bars. They availed modvat credit facility under Rule 57A but this facility was withdrawn vide Notification No. 18/97 w.e.f. 1-8-97 on the goods falling under Chapter heading 7214.90 of the CET .....

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..... was observed that since the balance credit in respect of the inputs lying in the accounts of the assessee stood lapsed in terms of Rule 57F(17)(c) no further duty could be demanded from him. 3. In the light of discussion made above, the impugned order, therefore, cannot be sustained and is set aside. The appeal of the appellants is allowed with consequential relief, as per law. - - TaxTMI .....

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