9911796707
TMI Blog2005 (1) TMI 467X X X X Extracts X X X X X X X X Extracts X X X X ..... awal, Member (T)]. The issue involved in this appeal filed by M/s. Banswara Syntex Ltd., is whether Modvat credit of the duty paid in respect of HSD Oil, was available to them during the period from July, 1997 to October, 1997. 2. Shri K.K. Anand, learned Advocate, submitted that High Speed Diesel (HSD) Oil is used as fuel for generation of electricity which is used in the manufacture of f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f the duty paid on HSD Oil; that in the decision in the case of Associated Cement Companies Ltd. (supra), the provisions of Section 112 of the Finance Act, 2000 were not brought to the kind attention of the Hon ble Supreme Court. He also relied upon the decision of the Rajasthan High Court in the case of Shree Cement Ltd. v. Union of India, 2003 (160) E.L.T. 42 (Raj.), which has upheld the validit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uriam the provisions of Section 112 of the Finance Act, 2000, which has validated the denial of the credit of duty paid on HSD Oil during the period from 16-3-1995 to the date on which the Finance Act, 2000 received the assent of the President of India. In view of the decisions relied upon by the learned SDR, we find no merit in the appeal filed by the appellants, which is rejected. - - TaxTMI ..... X X X X Extracts X X X X X X X X Extracts X X X X
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