1981 (8) TMI 225
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....nsidered the points raised in the revision application, those urged during the course of personal hearing and have examined the records of the case. 2. The facts of the case are that the applicants used certain quantity of yarn in their composite mill for manufacture of fabrics after receiving several consignments of yarn under bond during the period from September, 1975 to March, 1976. Th....
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....evant period the manfacturer who was availing of the compounded levy scheme were exempt from maintaining RG.1 register for yarn. He further contended that since D. 3 intimation was duly sent to the officer, the yarn removed in bond could be deemed to have been duly accounted for and used in the manufacture of fabrics. 4. Government observe that it is an established fact that the correct quantit....
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