2004 (10) TMI 406

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....atnagar, JDR, for the Respondent. [Order]. -  The appeal is directed against the denial of Modvat credit of Rs. 1,70,000/-. There is also equal amount of penalty on the appellant. 2. The submission made is that credit of Rs. 8,511/- has been denied on the ground that the input in question was used in the R&D department of the assessee. The learned Commissioner has relied on the ....