2005 (9) TMI 549

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....Advocate, for the Appellant. Shri A. Raha, SDR, for the Respondent. [Order per : V.K. Jain, Member (T)]. -  Heard Shri S.K. Bagaria, Sr. Advocate on the Stay Application filed by the Appellant. Shri Bagaria has taken us to the Money Credit Scheme and the provisions contained therein. The Revenue issued the Show Cause Notice for the period from 20-9-1991 to 30-9-1994. The total amount....

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....n cases where duty collected has been deposited with the Government, Section 11D shall not apply. This position shall not undergo any change if the money credit available with the manufacturer is utilized to pay duty on any finished excisable product and this duty is collected from the buyer. The Sr. Advocate submits that in view of the Board Circular referred to above, there is no basis to confir....