2015 (3) TMI 732

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..... r goods of ₹ 75 lakhs and when they are paying full rate of duty after crossing the exemption limit - Held that:- this court has affirmed the view taken by the Tribunal at Madras [1996 (3) TMI 262 - CEGAT, MADRAS] - The result is that the respondent assessee was entitled to the benefit of deemed credit benefit in pursuance of the notification dated 28.2.1993. - Decided against Revenue. - TA .....

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..... availed deemed credit on Iron and Steel Re-rollable materials @ ₹ 920 PMT, but the said facility pertains to re-rollers who were availing the benefit of Notification No.1/93-CE dated 28.02.1993 upto the exemption limit of ₹ 75 lakhs only. So the deemed credit so availed after crossing the exemption limit was illegal and is thus liable to be recovered. The show cause notices were there .....

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..... ation No.1/93-CE dated 28.2.1993 and so they have availed deemed credit correctly. The Assistant Commissioner held that the benefit of deemed credit to the assessee is actually availing concessional slab rate under Notification dated 28.2.1993 and demand against the assessee was dropped. 4. The department challenged the order passed by the Assistant Commissioner and the Commissioner (Appeals) d .....

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