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1997 (8) TMI 210 - CEGAT, NEW DELHIExtract: ....... Modvat credit will be admissible to the appellants even after crossing the slab of Rs. 75 lakhs, we set aside the order imposing penalty in respect of A. No. E/441/96-NB and No. E/445/96-NB. All the six appeals are, therefore disposed of in the above terms. Consequential relief, if any, shall be admissible to the appellants in accordance with law.
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