1997 (2) TMI 296

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....e Appellant. Shri V.K. Puri, SDR, for the Respondent. [Order per : K.S. Venkataramani, Member (T)]. -  On hearing Shri J. Krishnaswamy, Divisional Manager (Finance) of the appellant and Shri V.K. Puri, ld. SDR, we find that the issue involved in this case is covered by a Larger Bench decision in the case of Tata Engg. & Locomotive Co. v. C.C. Excise - 1996 (87) E.L.T. 157. The disput....

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....ion (supra). The Larger Bench, after considering the two streams decisions, concluded that adjustment, refund or recovery of credit on variation of duty paid is implicit in Rule 57G and the provisions of Rule 57E and the amendment made thereto are only clarificatory and procedural and the Larger Bench held that the amendment has retrospective effect. Such adjustment refund or recovery however can ....