1998 (12) TMI 266

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....R, for the Respondents. [Order]. -  The applicant's application dated 5-6-1989 for availing credit under Rule 57H on the duty paid on inputs received and lying in stock as such as contained in semi-finished and finished condition was only partially allowed by order of the Assistant Commissioner who limited the credit for the duty paid on inputs lying in stock as such. This order having ....

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.... the duty paid on inputs received by the manufacturer immediately before obtaining the dated acknowledgement of the declaration made under the said rule if he is satisfied that - (a) such inputs are lying in stock/or are received in the factory/on or after the 25th day of July, 1991 or (b) such inputs are used in the manufacture of final products which are cleared from the factory on or afte....

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....gislative intent. A fair reading of the rules does not offer any support for his view. 6. On being asked Mr. Rahul Shah, Director of the appellant says that he will be in a position to show before the Assistant Commissioner evidence of presence of correlation of the inputs of the stock of semi-finished and finished goods lying on the date of claim lying in the factory on showing to the sat....