2004 (4) TMI 349

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....[Order]. -  In this appeal filed by the Revenue against the impugned order-in-appeal, the issue relates to the denial of Modvat credit of the amount in question to the respondents. I have heard both the sides. The perusal of the record shows that the adjudicating authority disallowed the Modvat credit of Rs. 5,15,272/- to the respondents and a penalty of Rs. 10,000/- on the ground that the....