TaxTMI 
TaxTMI 
1998 (12) TMI 320
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.... per : Lajja Ram, Member (T)]. - The respondents, M/s. R.K. Machine Tools Ltd. were issued CT-2 certificate under the provisions of Rule 156 of the Central Excise Rules; they executed B-8 Bond which was duly accepted by the department and obtained parts like rubber bushes and pins with nuts for manufacturing track shoes which were part of main battle tank under Notification No. 164/87-C.E., date....
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....nd that the cancellation of L-6 licence and CT-2 certificates was not warranted. 2.  We have heard Shri R. S. Sangia, DR and Shri K.K. Anand, Advocate. 3.  We have carefully considered the matter. We find that the respondents had applied in form AL-6 application for issue of L-6 licence which was duly issued in their favour. They complied with the terms under which L-6 licence was issu....
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....is that the CT-2 certificates could not be cancelled retrospectively after the goods had been received and utilized and that in any case the assessee was entitled to know of the reason and that proper show cause notice should have been issued before asking them to pay a sum of Rs. 5,13,797/-. He has also referred to the Tribunal's decision in the case of Arti Paints & Chemicals Industries, Bombay ....