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TMI Blog2013 (9) TMI 1126X X X X Extracts X X X X X X X X Extracts X X X X ..... atnagar, Mr. Ajay Aggarwal, Ms. Malika Joshi, Ms. Sharvani Shekhar and Mr. Rajan Narain, Advocates. Respondents Through Ms. Sonia Sharma, Sr. Standing Counsel for respondent No.4. O R D E R 1. These three writ petitions are connected and raise a similar issue relating to reversal of Modvat Credit under the Special Scheme announced on 04.01.1997 and for appropriate relief. Another ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... /1997, an application being CM No.11480/2013 was filed for placing on record additional affidavit in view of subsequent developments. Thereupon, additional affidavit in the said case had been filed. Learned counsel for the respondents was asked to obtain instructions as to whether the respondents were ready and willing to appoint a Cost Accountant, who will submit his report to the Commissioner fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (iii) The Cost Accountant will provide opportunity to the petitioners/their authorized representatives to explain the accounts and the manner in which they have reversed the Modvat Credit. (iv) The Cost Account will submit a report to the Excise Department with copy to the petitioners herein. (v) The adjudicating authority/Commissioner will then consider the report and thereafter d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... but not on the rate of interest. 5. We clarify that as the rate of interest has already been fixed by the High Court order, the said rate of interest will not be interfered with. 6. We further record that upon payment being made in terms of this order and in terms of the adjudication order, the scheme will stand satisfied. 7. The writ petitions are disposed of. No costs. X X X X Extracts X X X X X X X X Extracts X X X X
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