2003 (10) TMI 631

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....olythene bags. In pursuance of the partnership deed dated June 2, 1987 (annexure 1 to the writ petition) Atul Prakash, one of the partners, was authorised to represent the firm in all the offices and also to get or procure loans from any financial institution or bank, as the case may be. The petitioner applied for a term loan from Syndicate Bank which was duly sanctioned to the petitioner through Shri Atul Prakash. The petitioner was granted registration as a small-scale industrial unit for which the application was filed on December 13, 1988 (vide annexure 3 to the writ petition). In the registration certificate granted by the Director of Industries the date of commencement of production was mentioned as December 13, 1985, on w....

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.... been mentioned in paragraph 7 of the said circular dated March 10, 1987 that it is natural that the date of issuance of SSI, registration certificate and the date of production will be different. However, on this ground exemption should not be denied. Hence in our opinion merely because the date of production is February 13, 1988 and the registration certificate was issued on August 23, 1989 in pursuance of the application for registration filed on December 13, 1988, the exemption cannot be legally denied in view of paragraph 7 of the circular dated March 10, 1987 which was referred to in the review application. The circular of the Commissioner of Sales Tax, dated March 10, 1987 was binding upon the Divisional Level Committee as held by....