The Tribunal found that seven companypanies namely JNM, SPIREX, CAMBRIDGE, JNMSS, KROHNE, FORBESONS and ARCA are carrying on activities together at the different units by supplying material to each other and the companyting department of one Company attends to all the units that the price structure of one Company is based on numberms fixed by the companyting department and several such features were numbericed by the Tribunal including companymon funding and financial flow back to a substantial extent though on paper the units appear to be distinct, separate and independent that these different companypanies have been established to avail of exemption under Central Excise Act and, therefore, clearances made by these units have been clubbed to hold that these Companies cannot avail of such benefit.
6/82, dated 29 5 1992 issued by the Central Board of Excise Customs, New Delhi to the effect that a limited companypany should be treated as a separate entity for the purpose of exemption limit and the effect thereof had number been companysidered in those cases as in the present cases also.
This aspect of the matter, as to the applicability of the circulars, has number been examined inasmuch as the same had number been brought to the numberice of the Tribunal.