1993 (3) TMI 272

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.... Shri L.N. Murthy, JDR, for the Respondent. [Order per : G.P. Agarwal, Member (J)]. - The only issue involved in the present appeal is as to how the special excise duty is to be calculated under Section 50(1) of the Finance Act, 1982 that is to say whether a Special Excise Duty is to be determined first and proforma credit/ set-off is to be availed later or vice versa. 2. Appearin....

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....ther words, the liability of the assessee, is to pay, such amount of basic excise duty after giving effect to the exemption notification, for the time being in force. So this is the amount "so chargeable". He also submitted that the same view was taken by this Tribunal in the case of Indian Plywood Manufacturing Co. Ltd. v. Collector of Central Excise, Bangalore, 1983 (13) E.L.T. 1243. On the stre....

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.... said tariff item. These raw materials are called "inputs". The Central Government issued a notification No. 201/79-C.E., dated 4-6-79 as amended, and No. 95/79-C.E., dated 1-3-79 as amended, granting exemption to the products manufactured by the appellants to the extent of duty paid on inputs. It was the contention of the appellants that the basic excise duty chargeable in respect of any goods is....