1997 (4) TMI 162

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....hy, Consultant, for the Respondents. [Order per : V.P. Gulati, Vice President]. -  This reference application arises out of the order of the Tribunal bearing No. 801/96. The following point of law has been urged for reference : "Whether the Hon'ble CEGAT is correct in extending the deemed credit benefit to an unit availing of the exemption in terms of Notification No. 1/93-C.E., date....

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....its who have necessarily to buy the goods from the market as they are not in a position to buy the goods in bulk from the original manufacturers who generally choose to sell goods through reputed dealers who purchase the requirements in bulk. 4. We have considered the pleas made by both the sides. We observe that the Tribunal has given detailed reasonings in the order for holding that the ....