2000 (10) TMI 700

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....edi, SDR, for the Respondent. [Order]. -  The application is for dispensing with the condition of pre-deposit of duty of Rs. 2,89,412.00 confirmed by the authorities below by disallowing the Modvat credit availed by the applicant firm in respect of stock lying with them as on 28-2-1994 on the ground that the applicants have failed to prove that the inputs in question were lying in stock....

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.... without availing the credit. Shri Guha, learned Consultant, has also not been able to explain and rebut the observations and findings of the authorities below that the records maintained by the applicants, could not prove that the inputs were lying in stock as on the said date and no credit was taken by them in respect of the same in the normal course. Accordingly, I do not find that the applican....