2001 (2) TMI 901

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....dent. [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 circumstances of the case, the Appellate Tribunal is correct in denying money credit on Ethyl Alcohol on p....

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.... under Rule 57P." 3. The applicants are engaged in the manufacture of products like Butyl Alcohol (Butanol). Butyl Acetate, Acetyldehyde, Acetic Acid and Ethyl Acetate. In the Butyl Acetate Section, first crude butanol is produced. This is further processed and pure Butanol is recovered. The impurities present in the crude Butanol are taken out from the bottom of the column. The mixture cont....

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....e two products are not specified as final products for the purpose of money credit under the notification (supra). The Superintendent passed an order denying money credit to the applicants and calling upon the applicants to debit the money credit availed into the RG 23A Pt. II. The Collector (Appeals) rejected the appeal of the applicants on the ground that the two products are not waste but are i....