2000 (2) TMI 337

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....ndents. [Order]. - This reference application is filed by the Revenue on the ground that following questions are required to be referred to the High Court for its considered opinion : - "(a) Whether the availment of Higher Notional Credit under Rule 57B of Central Excise Rules, 1944 on a date subsequent to the date on which the original credit was taken on receipt of the input, is legally....

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....i.e. higher notional credit can be taken within a reasonable period i.e. within six months from the date of receipt of inputs and original date of credit taken". (b) That the Board vide Circular 267/34/88-CE. 8, dated 18-7-1990 had clarified that the Higher Notional Credit cannot be allowed at a later date (based on opinion of the Ministry of Law) that in the absence of any specific provisions ....