2005 (4) TMI 467

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....or the Respondent. [Order per : S.S. Kang, Vice-President]. - Heard both sides. 2.The applicant filed this application for waiver of pre-deposit of duty or Rs. 7,88,56,590.23 and penalty of Rs. 10 lakhs. The appellants are engaged in the manufacture of iron and steel articles and they are receiving the rolls of iron rolls and availing the benefit of Modvat credit as capital goods. After use, t....