2003 (12) TMI 563

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....ne, for the Respondent. [Order]. - Heard the learned D.R. None is present on behalf of the respondents. However, through their communication dated 1-12-2003, the respondents have prayed for rejecting the Revenue's appeal, after considering the contents of their cross-objection. The facts are as under. 2. The assessees are processors of man-made fabrics at Surat. They have cleared the....

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....the respondents could have utilised the accumulated Modvat credit for payment of duty on goods cleared for home consumption or for export. Their only grievance is that, they were not allowed to do so through some verbal instructions. If they had done so, they would also run the risk of not being eligible to obtain the refund, on account of breach of conditions laid down in Notification 29/96-C.E.,....