2001 (2) TMI 901

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.... JDR, for the Respondent. [Order]. - Heard both sides. 2. Applicants filed this reference application for referring the following question of law to the Hon'ble High Court : "1.      Whether in the facts and circumstances of the case, the order of the Tribunal is correct in law? 2.        Whether in the facts and circu....

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....sp; Whether in the facts and circumstances of case, the Tribunal is correct in holding that there is no time limit under Rule 57P? 7.        Whether time limit prescribed under Section 11A will be applicable to disallowance of money credit under Rule 57P." 3. The applicants are engaged in the manufacture of products like Butyl Alcohol (Butanol). Butyl ....

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....l Alcohol towards duty payable on various final products such as Butanol, Butyl Acetate, etc. The Department issued a show cause notice on 16-6-1989 proposing reversal of money credit on the quantity of Ethyl Alcohol relatable to Solvent- 75 and Paraldehyde on the ground that these two products are not specified as final products for the purpose of money credit under the notification (supra). The ....