2003 (12) TMI 554

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....i Sanjay Kaushal, Manager, for the Respondent. [Order per : Archana Wadhwa, Member (J)]. -  The present application has been filed by the Revenue for referring the following Question of Law to the Hon'ble High Court :- "Whether the explanation as brought into force by the Notification No. 118/80-C.E., dated 19-7-1980 will have retrospective effect or from the said date as held by the....

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....r the Revenue informs us that in spite of his writing to the Commissioner, there is no information from his side. He is not in a position to throw any light on the above fact. 4. Shri S. Kaushal, representative from M/s. I.O.C. also draws our attention to the Madurai Collectorate Trade Notice No. 84/85, dated 19-7-1985, laying down that the said Notification would have retrospective effect....

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....his explanation, it has been clarified that the proforma credit would even be available in respect of those materials or component parts which are produced in the factory of the manufacturer availing of the facility of proforma credit. A question has arisen whether this Explanation would be applicable even to those cases which had arisen prior to its insertion. 2. Before the insertion of t....