2001 (1) TMI 481

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....- The prayer in this Stay Petition is for dispensing with the condition of pre-deposit of duty demand of Rs. 8,308.00 disallowed as Modvat credit and penalty of Rs. 400.00 imposed on M/s. Techno Commerce, Calcutta. 2. Shri Bhaskar Thakkar, ld. Authorised Representative of M/s. Techno Commerce, submits that the Modvat credit of Rs. 8,308.00 was disallowed on the inputs used in the manufactu....

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....fore, prays for dispensing with the condition of pre-deposit of the said duty and penalty and unconditional stay. 3. Shri R.K. Roy, ld. JDR appearing for the Revenue reiterates the reasoning contained in the order-in-appeal dated 9-3-2000 of Commissioner of Central Excise (Appeals), Calcutta. 4. After hearing both sides, I am convinced that there appears force in the arguments of the l....