2004 (1) TMI 492

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....rasimha Murthy, JDR, for the Respondent. [Order per : C. Satapathy, Member (T)]. - Heard both sides. Shri Rajesh Chander Kumar, ld. Advocate appearing for the appellants states that the appellants took Modvat credit on capital goods namely 'Gantry System Works'. Subsequently, the said capital goods were damaged in a fire accident and the same was cleared as scrap on payment of duty. He states t....