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2001 (2) TMI 700 - CEGAT, NEW DELHIExtract: .......gobbing stirrer is permitted to be credited in RG 23D. 3. emsp We hold that Modvat credit of Rs. 34,61,193/- could be taken before installation of gobbing stirrers. Accordingly the demand is set aside. 4. emsp Penalty of Rs. 1 lakh is imposed for removing the gobbing stirrer on which Modvat credit was taken but at the time of sale no duty was paid.
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