2003 (11) TMI 512

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.... Shri A.K. Mondal, SDR, for the Respondent. [Order]. - After hearing both sides duly represented by Shri B.N. Chattopadhyaya, learned consultant for the applicant/appellant company and Shri J.R. Madhiam, JDR for the Revenue, I find that the appellants have already deposited an amount of Rs. 41,645/- out of the total duty of Rs. 76,514/- confirmed against them. I, therefore, dispense with ....

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....round that during the period from December 1995 to April 1996, they have cleared the exempted final product by reversing credit @ Rs. 1,000/- per metric ton, whereas they were required to reverse the credit @ 15%. The appellants contended that on 1-4-94, they still had stock of previous inputs on which duty @ 1,000/- per metric ton was paid and as such, credit required to be reversed should be of ....