1998 (6) TMI 334

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....-  This is an application for dispensing with the predeposit of Rs. 96,882.62 which has been denied to the applicants as Modvat credit. The denial of the major part of the amount is on the ground that the applicants have taken Modvat credit on inputs received under invoices which were in the name of the loan licencees on whose behalf they were manufacturing the goods viz. P & P medicines and....