1996 (5) TMI 131

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... JDR, for the Respondent. [Order per : P. K. Desai, Member (J)]. -  For hearing the appellants Appeal on merits, they are required to deposit a sum of Rs. 6,88,176.86, and the penalty amount of Rs. 15,000/. The appellants submit that they have already deposited the penalty amount and the stay sought for is only in relation to the duty demanded. 2. Mr. M.H. Patil, the Ld. Advocat....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....enalty. In his submission the only ground on which the demand has been confirmed is that the appellants ought to have reversed the modvat credit and instead they have utilized the same Modvat credit for the purpose [of] paying the duty on the goods returned by them to their another concerned. In his submission the amount has virtually been reversed and there is no cause for raising the demand. ....