1997 (11) TMI 208

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..... t. Shri D.S. Negi, SDR, for the Respondent. [Order per : S.L. Peeran, Member (J)]. - In this stay application, the applicant is seeking waiver of pre-deposit of Rs. 1,78,200/- and penalty of Rs. 17,000/-. The appellants were issued with a show cause notice dated 29-11-1994 alleging that they had clandestinely manufactured and removed for internal use, various goods of iron and steel such as He .....

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..... is matter. The aspect pertaining to the item having come into existence as an immovable property step by step or as the goods, has to be gone into in great detail at the time of final hearing. The learned Consultant submitted that they are entitled for Modvat benefit and if the same is taken into consideration, the duty liability is reduced substantially. The learned Consultant further submits tha .....

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