1997 (5) TMI 120

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....i Jangir Singh, JDR, for the Respondent. [Order per : G.R. Sharma, Member (T)]. - Arguing the stay petition, Shri R. Nambirajan, learned Advocate appearing for the applicants narrating facts of the case submits that the applicants are engaged in the manufacture of galvanised steel tubes, pipes and structurals. They were getting steel sheets from the market and using the same for the manufact....

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....bmits that at this stage they are not disputing the issue of thickness and submits that in case the benefit of Notification No. 202/88-C.E. is denied to them the applicants would be entitled to the benefit of Modvat credit of Rs. 8,17,678.00. The learned Counsel, therefore submits that the balance of duty demandable would be only Rs. 3,00,324/-. He also submits that in the case of M/s Coimbatore P....

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....entitled to the benefit of Modvat credit, if any, on the goods. He, therefore prays that the entire duty amount and penalty amount may be paid by the applicants. He, therefore prays that the stay petition may be rejected. 3. Heard the submissions of both sides. We find that the quantum of duty has been calculated on the basis of steel sheets where thickness is more than 5 mm. We also note ....