2000 (6) TMI 419

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....pal Prasad, Advocate, for the Respondents. [Order per : G.R. Sharma, Member (T)]. - Revenue has filed this Reference Application stating that the following point of law arises out of Tribunal Final Order No. E/853/97-NB, dated 28-7-1997 :- "whether the facility of deemed Modvat credit under Ministry of Finance Order No. MF (DR)/Order/TS/36/94-TRU, dated 1-3-1994 would be available to the ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ts that Larger Bench of this Tribunal in this case reported in 2000 (118) E.L.T. 85 (Tribunal - LB) = 2000 (38) RLT 435 (CEGAT-L.B.), held that re-rollers who had clearances in a financial year in excess of Rs. 75 lakhs are not eligible for the benefit of deemed Modvat credit in view of the Ministry of Finance Order No. MF (DR)/Order/TS/36/94-TRU, dated 1-3-1994 read with Notification No. 1/93-C.E....