1999 (4) TMI 260

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....R, for the Respondent. [Order per : J.H. Joglekar, Member (T)]. - The assessees were availing the benefit of deemed credit on Copper scrap in terms of Ministry's order F. No. 342/1/88 TRU, dated 20-5-1988. During the period July 1988 to June 1989 the credit taken by them on the basis of 16 invoices was found to be wrongly taken inasmuch as the description of the inputs in the invoices did no....

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....the revenue that the goods received under these invoices did not qualify for the benefit does have merit. 4. However on the aspect of limitation, the appellants have a strong case. It is their case that the show cause notice is based on the audit objection communicated to the assessees vide letter dated 23-8-1989 bearing F. No. RD/Asia/Audit/294/89. The serial numbers of the invoices shown....