Supreme Court of India
M/s. Ichalkaranji Machine Centre Pvt. Limited. v. Collector of Central Excise, Pune
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
For the aforesaid reasons, we do not find any reason to interfere in this appeal, which is, accordingly, dismissed, with no order as to costs.
Judgment, page 8
From the headnote
Central Excise and Salt Act, 1944 : Section I/ -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 differential Excise duty, penalty and confiscation-Held, valid and justified-Notification No. 175 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
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