1996 (9) TMI 429

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..... dent. [Order per : R. Jayaraman, Member (T)]. - For hearing the applicants appeal on merits covered by aforesaid 3 stay appeals they are required to deposit a total amount of Rs. 14,19,931/-. The issue relates to eligibility for Modvat credit in respect of items like steel plates, angles, bars, ceramic tiles etc. where the Commissioner has held them as not eligible for Modvat credit on capital .....

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..... guarantee for another sum fo Rs. 7 lakhs within a period of three months from the date of receipt of this order failing which their appeals are liable to be dismissed. They should report compliance in the first week of January, 1997 failing which their appeal are liable to be dismissed. On compliance with this direction, there shall be stay against recovery and waiver of pre-deposit of the balanc .....

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