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2004 (4) TMI 430

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.... Respondent. [Order]. -  No representation for the applicants despite notice. I have examined the records and heard the DR. 2. The original and first appellate authorities have disallowed deemed Modvat credit of over Rs. 34,000/- to the appellants for the period January to September, 1999. They have also imposed a penalty of Rs. 2,000/- on the party. 3. It appears from t....