9911796707
TMI Blog1997 (7) TMI 371X X X X Extracts X X X X X X X X Extracts X X X X ..... ents. [Order per : G.R. Sharma, Member (T)]. The brief facts of the case leading to the present appeal are that the appellants are engaged in the manufacture of wrist watches. For manufacturing of this item they procure imported as well as indigenous material on payment of duty. The appellants availed the Modvat credit in respect of seven consignments. Out of these 7 consignments six con ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lleged that in terms of this notification there was a clear provision inasmuch as no credit can be taken except that based on the documents stated therein. The lower authorities upheld the view of the Department. Against that the present appeal has been filed before the Tribunal. 3. Shri V. Sridharan, ld. Counsel along with Shri G. Shiv Das, Advocate appeared for the appellants and submitted tha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... also Bill of Entry, which is also called the Exchange Control Copy is available and that the same can be produced on demand. He submits that an important point of the case was that basic customs duty was exempted on the goods on the condition that the goods were received in the factory and used in the manufacture of the watches (final product). He submits that about this important aspect there is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... concerned, we find that the Notification No. 6/95, dated 10-3-1995 relied upon by the respondents pertains to a subsequent period and is not applicable to the period in question before us. We also note that Rule 57G talks of GP-Is and AR I and the Bill of Entry as it existed then. We note that quadruplicate (in original) is also a Bill of Entry and since Bill of Entry is a document on the strength ..... X X X X Extracts X X X X X X X X Extracts X X X X
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