2008 (6) TMI 458

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....ant. Shri S.M. Tata, SDR, for the Respondent. [Order per : M. Veeraiyan, Member (T)]. -  We heard both sides on the stay petition. 2. The relevant facts in brief are as follows :- (a)     The applicant is manufacturing inter alia writing and printing paper. A portion of the printing paper or variety of printing paper is being sold for printing text book....

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....to accounts maintained for inputs going for exempted variety and vice versa. On these grounds, he has held that they have not maintained a separate account 'for receipt, consumption and inventories of inputs' meant for use in the manufacture of dutiable products and quantity of products meant for manufacture of exempted products and hence they have not fulfilled the condition under Rule 6(2) of th....

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....aintained and dropped the demand at the rate of 10% on the exempted products. Taking into account, the Commissioner's order, the Tribunal for a subsequent period given the stay vide order dated 19-6-2007 which relates to the period December, 2004 to December, 2005. He also relies on decision in the case of Sri Ramachandra Paper Boards Ltd. v. CCE, Visakhapatnam-II [2007 (218) E.L.T. 386 (T) = 2008....

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....t if there was separate accounts maintained properly, then there was no need for ordering adjustment at the end of every month. He strongly doubted the veracity of the amount i.e. Rs. 82 lakhs being the credit attributable to inputs which have gone into exempted products. 5. We have carefully gone through the submissions from both sides and perused the records. The intention of Rule 6 pres....