2006 (3) TMI 352

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Full Text of the Document

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...., for the Respondent. [Order per : S.S. Kang, Vice-President]. - Heard both sides. 2. The applicant filed these applications for waiver of pre-deposit of duty of Rs. 16,11,66,542/- and penalty of the equal amount. The applicants are engaged in the manufacture of computer monitors. The applicants are availing the benefit of Modvat credit in respect of inputs used in the manufacture of moni....