2010 (5) TMI 757

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.... under section 21 for the assessment year 1997-98. During the year under consideration, the petitioner has imported high speed diesel for Rs. 20,99,004 and made the sales of such high speed diesel for Rs. 21,31,610 and claimed the exemption on the sale of such imported high speed diesel under the notification T.I.F.-2-3111/XI-9 (460)/94-U.P. Act-15-48-order-97, dated September, 30, 1997 on furn....

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....nted the exemption. There is no evidence on record to show that such certificate was wrong or false and, therefore, the initiation of proceeding is without any material that the exemption has been wrongly granted and merely on account of change of opinion. The learned standing counsel has been called upon to reply to the submissions of the learned counsel for the petitioner.   Shri U.K.....