AI Drafter - (New and Powerful) 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
2004 (7) TMI 502
X X X X Extracts X X X X
X X X X Extracts X X X X
...., for the Appellant. Shri Vikas Kumar, SDR, for the Respondent. [Order per : Jyoti Balasundaram, Member (J)]. - The application for waiver of pre-deposit of duty of Rs. 16,67,051/- and penalty of Rs. one lakh under Rule 173Q arises out of the Commissioner (Appeals), Gwalior. Out of the above-mentioned amount Rs. 16,11,540/- represents the Modvat credit disallowed on broken shells Rs. 20,6....
X X X X Extracts X X X X
X X X X Extracts X X X X
....s. 3. We have heard the submissions of both the sides. Prima facie, no case against disallowance of Modvat credit on broken shells has been made out as admittedly the shells never reached the factory of the Appellants and therefore, reliance placed by the learned Counsel of the Applicants on decision in the context of Rule 56D where defective inputs which have become defective during the c....