1982 (4) TMI 282

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....ditional Secretary and K.L. Rekhi, Joint Secretary]. - The Government of India have carefully considered the submissions in the revision application and those urged at the time of personal hearing. 2. Briefly stated, the facts of the case are that the petitioners manufacture the product, Phenol formaldehyde moulding powder which is excisable under Tariff Item 15A Central Excise Tariff. The....

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....e contended that explanation (iii) to Notification 122/71 defines the term 'Phenolic Resins' used in the notification. As per this explanation "the expression 'phenolic resins' means synthetic resins manufactured by reacting any of the phenols with an aldehyde and includes chemically modified phenolic resins but does not include blends of the phenolic resins with other artificial or synthetic resi....

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.... in which identical issue was decided in favour of the petitioners. In their judgment the Court held that phenolic moulding powder manufactured by processing phenol formaldehyde synthetic resin along with other ingredients like fillers, colouring matter etc. would be entitled to exemption under Notification No. 122/71. They have urged that the ratio of the judgment ought to be made applicable to t....