2004 (1) TMI 620

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....he Respondent. [Order]. -  The Commissioner (Appeals) has set aside the demand for reversal of Modvat credit of Rs. 60,149/- and Rs. 1,12,532/- on the ground that credit was taken on goods short received by them. He has also set aside the penalties imposed by the adjudicating authority. According to the Revenue, the respondents herein were required to reverse the Modvat credit availed on in....