2006 (2) TMI 54

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....yarn. The textured yarn so manufactured was exempt under Notification No 178/83-CE. That exemption was repealed with effect from 1.3.94. The respondent was also at liberty to work under Rule 56A during the period when the exemption was repealed. Therefore, the Tribunal remanded the case to the revenue authorities directing them to consider 56A benefit in respect of the stock lying at the time of r....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....edit of duty is taken under Rule 56A. The contention of the learned counsel is that once the notification specifically recognizes the alternate benefit under Rule 56A, the assessees were are at liberty to either follow 56A procedure or to avail of Notification 70/94. Learned counsel also submits that the decision of the Commissioner (Appeals) is based on the judgment of the Supreme Court in the ca....