1997 (4) TMI 179

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....llant. Shri Y.R. Kilaniya, JDR, for the Respondents. [Order per : G.R. Sharma, Member (T)]. - This is the stay petition of M/s. Jaypee Rewa Cement. Ld. counsel arguing the stay petition submits that there are 2 issues involved in the appeal. First issue is disallowing Modvat credit taken on the strength of purchase invoices issued by the Satna Depot of the Indian Oil Corporation. He submi....

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....on invoice has been defined as a document issued by registered person for sale of goods. He submits that this explanation is applicable only where a person purchases and sells the goods and not to manufacturers of goods. He submits that even if this explanation is extended to manufacturers then Indian Oil Corporation is a registered person. He submits that in view of these submissions Modvat credi....

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....tted that the applicant should be asked to deposit the entire amount before hearing the appeal on merits. 4. Heard the submissions of both sides. On careful consideration, we find that on the first issue, that is, whether the Depot of Indian Oil Corporation is a Registered person for purpose of Notification No. 32/94-C.E. (N.T.) or not we find that Indian Oil Corporation is the manufacture....