9911796707
TMI Blog1996 (11) TMI 118X X X X Extracts X X X X X X X X Extracts X X X X ..... G.R. Sharma, Member (T)]. Shri Rajesh Chibber, ld. Advocate appearing for the applicants submits that the dispute in the instant case is about the classification of the inputs. He submits that Government of India allowed deemed Modvat credit on sheets less than 5 mm in thickness. The ld. Counsel submits that the applicants claimed deemed Modvat credit at a rate of Rs. 500/- per MT for hot ro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re prays that the stay petition may be allowed. 2. Opposing the stay petition Shri A.K. Agarwal, ld. SDR submits that there were two conditions in the order of the Government of India issued on 12-5-1986. The first condition was that the goods should be in the form of sheets less than 5 mm in thickness and should fall under sub-heading 72.12. He submits that admitted position was that the goods ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and therefore it was also submitted that at least the benefit of deemed Modvat credit at a rate of Rs. 500/- should be allowed to them on coils. On reading the Government of India Order dated 12-5-1986 we find that it provides that deemed Modvat credit at a rate of Rs. 500/- per MT shall be admissible to sheets falling under sub-heading 72.12. Thus we find that Government of India Order dated 12.5 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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