1997 (3) TMI 358

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the Respondent. [Order]. - In this case Modvat credit of Rs. 1,65,648.22 has been denied and a penalty of Rs. 2500/- has been imposed by the authorities below for the reason that Modvat credit had been availed by the respondents herein during the period March 1992 to July 1992 on roughly shaped forgings/roughly shaped flanges without their having been described properly in the 57G declaration a....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... flanges, they manufactured their final product viz. flanges after subjecting the rough product on the machining/finishing. My attention has also been drawn to an affidavit at page 31 of the paper book sworn by the Director of the appellant company in which he has stated that the description forged flanges covers the description roughly shaped forgings. The submission of the appellants is, therefo....