2006 (3) TMI 452

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..... the Appellant. Shri Uday Kumar, JDR, for the Respondent. [Order per : Dr. C. Satapathy, Member (T)]. Heard both sides. The appellants have been denied a exemption under Notification No. 58/97-C.E., dated 30-8-97 by the lower appellate authority on the ground that the demand for the inputs have not been paid by bank draft from the appellant s own account. Shri N.K. Chowdhury, ld. Advo .....

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..... against L/C through bank demand draft as certified by the bank and as filed at page 12 and 13 of the appeal paper book. 2. Considering the submissions made from both sides and perusal of the case records, we find that the notification No. 58/97-C.E. clearly allows three modes of payment and there is no requirement that the bank drafts should be drawn using money from the assessees own account. I .....

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