9911796707
TMI Blog2000 (9) TMI 316X X X X Extracts X X X X X X X X Extracts X X X X ..... ber (J)]. This reference application is filed by the Revenue on the ground that question of law arises with reference to the final Order No. A/853/97-NB, dated 24-7-1997. Whether the facility of Deemed Modvat credit under Ministry of Finance Order No. MF(DR) order/TS/36/94-TRU, dated 1-3-1994 would be available to the Re-rollers even after crossing the monetary limit of Rs. 75 lacs in res ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... spect of value of clearances, in terms of Notification No. 1/93, dated 28-2-1993 . STATEMENT OF FACTS The respondents are engaged in the manufacture of Iron Steel Bars, angles etc. falling under Chapter 72 of the Schedule to the Central Excise Tariff Act, 1985 and were availing benefit of SSI Exemption Notification No. 1/93 dated 28-2-1993 during the subject period. The respondents had also ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ts earlier decision in the case of M/s. Venkateswara Steel Ind. reported in 1996 (86) E.L.T. 446. The Revenue has filed reference application on the ground that even in the case of M/s. Venkateswara Steel Ind. referred to above, reference application was filed under Section 35G(3) of the Act before the High Court, Chennai. 5. In the facts and circumstances and in view of our foregoing conclusion ..... X X X X Extracts X X X X X X X X Extracts X X X X
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