SHREE CEMENTS LTD Vs. UNION OF INDIA

JUDGEMENT

(1.) PETITIONER No. 1, is a Company within the meaning of Section 3 of the Companies Act, 1956. It carries on the business of manufacturing Cement at Beawar.

(2.) THE cement manufactured by it is subject to excise duty at the rate set forth in the Schedule of the Central Excise Tariff Act, 1985.

(3.) RULE 57A permits the taking of credit of excise duty paid on 'inputs', by the manufacturer of such 'inputs' and its utilisation towards the payment of excise duty payable on the finished goods of manufacturers using such as 'inputs'.