1999 (12) TMI 267

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....K. Das, JDR, for the Respondent. [Order]. -  The applicants filed this application for waiver of pre-deposit of demand of Rs. 2,60,381/-. 2. Ld. Counsel, appearing on behalf of the applicants, submits that by the impugned order, the applicants were directed to reverse the credit amounting to Rs. 2,60,381/- contained in the inputs used in the manufacture of finished/semi-finished....

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.... Revenue submits that as per provisions of Section 35B of the Central Excise Act, the appeal is not maintainable. He, further, submits that remission for the goods is granted. He submits that as the inputs were used in the manufacture of the goods, which were destroyed in fire, the applicants are not entitled for the benefit of Modvat credit on these inputs. He, therefore, prays that the applicati....