1992 (11) TMI 213

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....rnek Singh, JDR, for the Respondent. [Order]. - The stay application is in respect of reversal of Modvat Credit on the input `Oxygen gas' used in the electric furnace for the manufacture of steel castings. 2. Though this day only stay application was listed for hearing, since the prima facie grounds canvassed both on merits as well as on the ground of time bar are the same as those c....

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....facture of steel products. Hence their claim for Modvat Credit is justified on merits. Moreover, they have given this input in their declaration and the demand has been issued on 2-1-1990 for the period March, 1987 to March, 1988 and hence the demand is even otherwise time barred. 5. Shri Harnek Singh, the Ld. JDR, however, supported the order and contended that Oxygen gas is given Modvat ....