Court : Delhi
Reported in : [1987]62CompCas769(Delhi)
Rajinder Sachar, C.J.1. This and the connected writ petitions challenge the constitutional validity of Chapter II-C read with section 58B (5A) of the Reserve Bank of India Act, 1934, introduced by the Banking Laws (Amendment) Act, 1983 (Act 1 of 1984) (to be called 'the impugned legislation'). They would be disposed of by this common judgment. The main averments of facts are being taken from this petition for illustrative purpose, otherwise the arguments on questions of law are all common. The petitioner's contention is that the provisions of the said Chapter, particularly section 45S read with section 58B (5A) are vocative of the petitioner1`s fundamental rights guaranteed under articles 19 and 14 of the Constitution of India. The petitioner also challenges the legislative competence of Parliament to enact the said impugned provisions. 2. The newly incorporated section 45S of the Reserve Bank of India Act provides that no individual or firm or an unincorporated association of individu...
Tag this Judgment!Court : Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi
Reported in : (1985)(21)ELT532TriDel
1. M/s. Ahmedabad Manufacturing & Calico Printing Co. Limited, Bombay, filed two appeals dated 9th March, 1981 and 31-7-1984 against the order-in-appeal No. 1364/80 and No. 1365/80, dated 20th September, 1980 passed by the Collector of Central Excise (Appeals), Bombay. The original appellants, M/s. Ahmedabad Manufacturing & Calico Printing Co.now call themselves M/s. ILAC Limited, the name of a wholly owned subsidiary of Calico Company. We shall, therefore, deal with this appeal as an appeal by M/s. ILAC Limited.2. The dispute arises in respect of the calcium carbide and the acetylene manufactured by M/s. ILAC Limited. The factory manufactures polyvinyl chloride resin and chlorinated solvents. During the course of the manufacture of these two commodities, certain intermediate compounds and substances are created and are consumed and used in the same factory. The first intermediate substance that comes into existence is calcium carbide. The raw materials used in the manufacture...
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