1996 (11) TMI 118

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.... Shri A.K. Agarwal, SDR, for the Respondents. [Order per : G.R. Sharma, Member (T)]. - Shri Rajesh Chibber, ld. Advocate appearing for the applicants submits that the dispute in the instant case is about the classification of the inputs. He submits that Government of India allowed deemed Modvat credit on sheets less than 5 mm in thickness. The ld. Counsel submits that the applicants claim....

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.... could not clarify as to what extent coils were used. He, therefore prays that the stay petition may be allowed. 2. Opposing the stay petition Shri A.K. Agarwal, ld. SDR submits that there were two conditions in the order of the Government of India issued on 12-5-1986. The first condition was that the goods should be in the form of sheets less than 5 mm in thickness and should fall under s....

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....and it was submitted that the coils are classifiable under sub-heading 72.12 and therefore it was also submitted that at least the benefit of deemed Modvat credit at a rate of Rs. 500/- should be allowed to them on coils. On reading the Government of India Order dated 12-5-1986 we find that it provides that deemed Modvat credit at a rate of Rs. 500/- per MT shall be admissible to sheets falling un....