Appeal granted, waiving pre-deposit & stay on recovery until disposal. Duty demand exceeds Rs. 1 crore.

The appeal was granted, waiving the pre-deposit requirement and staying recovery until the appeal is disposed of. The case involves a duty demand exceeding Rs. 1 crore, primarily due to disallowed Modvat credit on inputs related to excess consumption, rather than incorrect credit availment. The appeal is scheduled for a hearing on 18-5-2005.

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The duty demand is over Rs. 1 crore, with Rs. 87 lakhs related to disallowed Modvat credit on inputs. The demand is based on excess consumption of inputs, not on incorrect credit availment. The appeal waived pre-deposit and stayed recovery until appeal disposal. Appeal set for hearing on 18-5-2005.

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