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        <h1>Dismissal of Stay Application Over Reversed Modvat Credits Leads to Revenue Impact Appeals</h1> <h3>GHATGE PATIL INDUSTRIES LTD. Versus COMMISSIONER OF C. EX., PUNE</h3> GHATGE PATIL INDUSTRIES LTD. Versus COMMISSIONER OF C. EX., PUNE - 1998 (101) E.L.T. 482 (Tribunal) The appeals were listed for admission. The disputed Modvat credit amounts were reversed, so the stay application was not pressed. The stay application was dismissed. The appeals were admitted for hearing due to the recurring revenue effect of the issue.

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