2000 (5) TMI 741

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.... V.V. Gaitonde, JDR, for the Respondent. [Order]. - Heard both sides regarding the admission. 2. The amount involved is of the Modvat credit of Rs. 13,249.89 with an equal amount of penalty and interest under Rule 57-I(4) and (5) of the Central Excise Rules, 1944 read with Section 11AA of the Act. 3. The issue involved is whether lubricants and greases used for maintenance of....