TMI Blog2000 (11) TMI 254X X X X Extracts X X X X X X X X Extracts X X X X ..... lf the appeal could be taken up for disposal. This was done by granting waiver ofpre-deposit of Rs. 5,77,683/-. 2. The appellants manufactured fertilizers which were exempted from payment of duty. Sulphuric acid was the main raw material which was manufactured and captively consumed by the applicants without payment of duty in terms of an exemption notification. In making the sulphuric acid two ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n 11-8-1998 demanding duty @ 8% on the value of sulphuric acid captively consumed without payment of duty citing the provisions of rule 57CC which was introduced on 1-9-1996. The period covered was February - March, 1998. The Assistant Commissioner in his order held that unless the provisions of sub-rule (9) of rule 57CC were complied with, the demand under the said rule stood attracted. In this b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... retention of the credit taken provided duty 8% is paid on the final products which are admittedly capable of being cleared without payment of duty. 4. Either of the rules could come into operation where the credit taken on the inputs continues to exist in the hands of the assessee at the time of clearance of the final products, but where the credit is reversed by the assessee on his own then ne ..... X X X X Extracts X X X X X X X X Extracts X X X X
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