Supreme Court · 2004 INSC 707 · Decided 10 December 2004
M/S. Ichalkaranji Machine Centre PVT. LIMITED. v. Collector of Central Excise, Pune
- Court
- Supreme Court of India
- Citation
- 2004 INSC 707 · [2004] SUPP. 6 S.C.R. 858
- Case number
- CIVIL APPEAL No. 2431/1999
- Decided
- 10 December 2004
- Bench
- S.N. VARIAVA, AR. LAKSHMANAN, S.H. KAPADIA (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Central Excise and Salt Act, 1944 : C Section I/A-Rule 92 of the Central Excise Rules, 1944-Appellant opted/or MODVAT scheme-Without opting out-Inputs used exempt front duty-Cleared final products on concessional rate of duty-Wilful suppres­ sion-Extended period, invoking of-Demand of valid and justified-Notification No. 175 D ICE dated 1.3.1986. Appellant, manufacturer inter alia of gear boxes and gear box covers, opted for MODVAT scheme for the year 1986-1987 and took credits for input duty on products falling under Chapter 7209, 7203 and 7203.20 as inputs.
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