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2003 (10) TMI 166 - AT - Central ExciseExtract: .......appellant No. 2) were not prerequisite condition for allowing the credit. Thus, following the ratio of these decisions, we hold that appellant No. 2, is eligible to take Modvat credit of the duty paid on dyes and fixtures by M/s. Maruti Udyog Ltd. Consequently, no penalty is imposable on M/s. Maruti Udyog Ltd. We, therefore, allow both the appeals.
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