2015 (3) TMI 732

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....AKKAR, ADVOCATE ORAL JUDGMENT (PER : HONOURABLE THE ACTING CHIEF JUSTICE MR. VIJAY MANOHAR SAHAI) 1. We have heard Mr.Y.N.Ravani, learned counsel for the appellant. 2. This appeal was admitted in terms of the following substantial question. "Whether the Tribunal is correct in extending the deemed credit benefit to a unit availing Notification No.1/93-CE dated 28.2.1993, even after c....

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....Department of Revenue, Government of India wherein, it was indicated that Ingots and Rerollable materials of Iron and Steel purchased from outside lying in stock on or after 1.4.1994 with the Re-rollers, who had been availing of exemption under Notification No.1/93-CE dated 28.2.1993 will be deemed to have paid duty and the credit of duty under Rule 57A would be allowed @ Rs. 920 PMT without produ....

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.... by placing the reliance on the judgment of the Tribunal at Madras in the case of Commissioner of Central Excise Vs Sri Venkateswara Steel Industries, 1996 (14) RLT 796 (CEGAT-SRB). 5. In this appeal, validity of the order of the Tribunal has been challenged. This Court in Tax Appeal No.56 of 2005 and allied matters decided on 27.8.2014 in the case of Vinubhai Steel Co.PVT.LTD Vs Commissioner o....