2004 (10) TMI 382

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....llant. Shri R.C. Sankhla, SDR, for the Respondent. [Order per : V.K. Agrawal, Member (T)]. - This is an application by M/s. Emkay Industries for waiver of pre-deposit of Central Excise duty of Rs. 72,65,666/- and penalty of equivalent amount plus Rs. Five lakhs. 2. Shri K.K. Anand, learned Advocate submitted that the Modvat credit has been disallowed to them on the ground that the....

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....r of the Applicants has admitted that they were not receiving HR/CR strips. 4. We have considered the submissions of both the sides. In view of the fact that no inquiry has been conducted by the Department from the registered dealers about supply or non-supply of raw material and issuing only invoice and the fact that during the relevant period the Applicants have shown manufacture of moto....