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1996 (5) TMI 232 - AT - Central ExciseExtract: .......- in their Modvat account. In case of any shortage in their Modvat account, they can cover up the amount by furnishing Bank Guarantee. They should report compliance within two months from the date of receipt of this order. On reporting compliance, there shall be stay against recovery and waiver of pre-deposit of the duty as well as penalty amounts.
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