2004 (3) TMI 693

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..... Shri A. Jayachandran, JDR, for the Respondent. [Order per : Jyoti Balasundaram, Member (J)]. - The authorities below have confirmed the demand of duty of Rs. 8,60,077/- by disallowing Modvat credit of the above amount which was used for the clearances of integrated circuits manufactured by the appellants. The ground for denying the Modvat credit is that the inputs on which credit was origina....