2003 (8) TMI 370

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.....C. Verma, JDR, for the Respondent. [Order]. - As the issue involved in this appeal filed by M/s. U.P. State Sugar Corporation Limited is in a narrow compass, I stay the recovery of the entire amount of penalty imposed on them and take up the appeal itself for disposal. 2. Shri Bipin Garg, learned Advocate, submitted that the appellants had received two consignments of the capital go....

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....he Modvat credit on 8-1-98 which is before filing the application for condonaton of delay and as such the penalty is imposable on them for wrongly availing the Modvat credit. 4. I have considered the submissions of both the sides. The facts which are not in dispute are that the capital goods in question were received by the Appellants in November, 1997 and December, 1997, the declaration u....