2002 (5) TMI 381

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....i P.K. Jain, SDR, for the Respondent. [Order per : Justice K.K. Usha, President]. - When this stay petition came up for hearing it was agreed by both sides that the appeal itself could be disposed of. 2. We heard both sides on merits. The learned Counsel for the appellant places reliance on the Board's Circular No. 2/94-CX., dated 11-1-94 in support of the contention that the amount ....

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....f inputs; (iii) Net amount of sales tax payable at effective rate after adjusting the set off availed of in respect of inputs. 3. The Attorney General of India has confirmed the view expressed in sub-para (ii) above i.e., 'amount of sales tax payable at effective rate, ignoring the amount of set off available in respect of inputs, is eligible for deduction from the cum-duty price o....