1999 (2) TMI 116

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....U, dated 7-7-1992 the facility of deemed credit on certain inputs was made available. The assessees in this case, took such deemed credit on brass scrap. After issuing the Show Cause Notice the Asstt. Collector examined the issue whether the concerned entry covered brass scrap or not. The findings were in the negative resulting in denying of the deemed credit and also in imposing of penalty on the....

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....3.None was present for the respondent although due notice was issued. 4.I have carefully considered the submissions made and have seen the documents referred to. 5.The body of the cited order dated 7-7-1992 does not speak of the coverage thereof to virgin metal alone. The table annexed thereto has a number of entries, the contested entry reads as "06.03 copper waste and scrap". It is the revenue....