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1997 (5) TMI 156
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....The amount involved is Rs. 17,082/- and penalty of Rs. 1,700/-. The issue is admissibility of Modvat credit on chemicals used in cooling water for the manufacture of Noylon. 2. Heard both sides. ld. Counsel submits that issue is a recurring nature. Upon hearing both sides I order appeal be admitted to regular hearing in due course. 3. Taking up the stay application the ld. Counsel subm....