1996 (3) TMI 235

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....spondent. [Order per : R. Jayaraman, Member (T)]. - For hearing the applicants' appeal on merits, they are required to deposit a sum of Rs. 60,14,028.82 towards modvat credit sought to be disallowed. The applicants were receiving modvat inputs on filing declaration as Shree Products. This unit was amalgamated with Fidelity Industries Ltd. The terms of amalgamation were approved by the High Cour....

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....interruption in production. It was a going concern which was amalgamated. The terms of amalgamation clearly indicate that the rights and liabilities are taken over. On a perusal of the Rule 57G of the Central Excise Rules, prima facie, we find that the requirement stipulated is that a declaration has to be filed by the manufacturer. In this case [Shree] Products Ltd. being the manufacturer has alr....