2006 (9) TMI 306

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....the Appellant. Shri Ajay Saxena, SDR, for the Respondent. [Order per : K.K. Agarwal, Member (T)]. - These are applications for waiver of duty amounting to Rs. 7,65,201/- demanded by the impugned order of the Commissioner (Appeals). 2. The limited issue to be decided in the appeal is whether the applicant is entitled for simultaneous availment of benefit of SSI value based exemptio....

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....ied by the Board vide its Circular No. 323/39/97-C.X., dated 14-7-1997 which clarifies that the assessees required to maintain separate accounts properly right from the raw material in order to avail simultaneous benefit of SSI exemption as well as Cenvat credit and that they have maintained the accounts in the above manner as per the circular. In view of the same, the demand is not sustainable. ....