2009 (4) TMI 831

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..... rd both sides on the stay petitions, which are inter-linked. 2. The applicants use cold rolled steel strips as raw materials and manufacture hot rolled steel strips and export them. They have claimed refund of Cenvat credit involved on .inputs consequent to export of the final products. The Original Authority allowed the entire claim. However, the Department felt that the refund should be restri .....

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..... . (approximately) and the dispute relates to credit relating to excess used 263 M.T. of inputs. He submits that the SION norms are only prescribed on an average basis and the actual quantity used can vary from a manufacturer to manufacturer. The variation is only to the tune of 10%. 4. Ld. SDR reiterates the findings of the Commissioner (Appeals) and submits that the SION norms are fixed after i .....

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