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1999 (2) TMI 213 - CEGAT, MUMBAIExtract: ......., we accept the offer of the representative for the applicant to keep unutilised in the Modvat account of the applicant pending disposal of the appeal a sum of Rs. 25.00 lacs. On evidence of such credit being kept frozen in the Modvat account, we waive deposit of the duty demanded and penalty imposed and stay their recovery. Compliance on 5-3-1999.
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