2001 (5) TMI 706

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... K. Chaturvedi, SDR, for the Respondents. [Order]. - Modvat credit of Rs. 8,308/- (rupees eight thousand three hundred and eight only) has been disallowed to the appellants and penalty of Rs.400/- (rupees four hundred only) has been imposed vide the impugned orders. 2. Shri Bhaskar Thakkar, ld. authorised representative of M/s. Techno Commerce, submits that the Modvat credit of Rs. 8,308/- .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... , denial of Modvat credit is unjustified. He, therefore, prays for dispensing with the condition of pre-deposit of the said duty and penalty and unconditional stay. 3. Shri V.K.Chaturvedi, ld. SDR appearing for the Revenue reiterates the reasoning contained in the order-in-appeal dated 9-3-2000 of Commissioner of Central Excise (Appeals), Calcutta. 4. After hearing both the sides I fin .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X