2003 (7) TMI 535

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....kar, SDR, for the Respondent. [Order]. -  Shri Paresh Seth, learned Advocate, submitted that as directed by the Tribunal the Appellants M/s. Galaxy Agrico Exports Ltd. have deposited Rs. 20,000/-. He further requested that as the issue involved is very simple one the appeal may also be heard. The learned D.R. does not have any objection. Accordingly, I take up the appeal itself for disp....

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.... duty has been paid on such inputs under the provision of Section 3A of the Central Excise Act; that explanation to notification provides that the payment is to be made directly by the manufacturer of the final products to the manufacturer of the said inputs by cheque drawn on his own bank account; that they have made the payment to M/s. Rashtriya Ispat Nigam Ltd. and M/s. Aslo Steel Ltd. as per t....

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....H. Kothikar, learned S.D.R., countered the argument by submitting that the condition of the notification requires that invoices should be issued in the name of the supplier of the inputs which has not been done in the present matter and as such the deemed credit cannot be taken by them. 4. I have considered the submissions of both the sides. Explanation to Notification No. 58/97-C.E. reads....