1988 (8) TMI 291

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....e applicant company has urged that the adjudicating authority by the impugned order has disallowed the credit of Rs. 1,78,729.50 taken during the month of July 1986. The said authority has also demanded a sum of Rs. 88,915.05 on account of clearance of 282.27 M.T. of steel ingots cleared by the applicants during July 1986 against the debit entries made by the applicants in their MODVAT credit acco....

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....immovable property except factory premises and they have petty bank balance to cost the day-today expenses of the unit. 3. The learned SDR appearing for the Revenue on the other hand opposed the stay application. She has further stated that the reliance placed by the learned advocate for the applicants has been distinguished by the adjudicating authority in the impugned order. We have carefully....