Madhusudan Industries Ltd. Vs Union of India
the petitioners/companies from utilizing accumulated money credit that was lying in the petitioner''s RG
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the petitioners/companies from utilizing accumulated money credit that was lying in the petitioner''s RG
No. 2.1(23)-2008/RG/2013-2014 Dtd. ...../2014.
1975 the factory premises of the petitioners were inspected by the officers of the Central Excise and RG
Enterprises and referred to invoices which were duly entered in RG-23A register and were sent to the
communication dated 15.9.2011 addressed by the Registrar General, High Court of Karnataka (for short "RG
Bansal, Senior Lecturer, (Swasthvritta) RG Govt. Ayu College, Paprola, Distt.
penalty and redemption fine have been calculated by including value of accounted for stock mentioned in RG-IV
The appellants (hereinafter referred to as "RG Group"), first five Respondents (hereinafter referred
respondent-assessee had continued to take Modvat credit for the duty paid on various inputs received by them in the RG
that 43.552 MTs of alloy steel flats and 11.998 MTs of alloy steel rounds were not recorded in the RG