2009 (7) TMI 816

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....he Appellant. Shri Sachin, Advocate, for the Respondent. [Order per : M.V. Ravindran, Member (J)]. - This stay application is filed by the Revenue for staying the operation of the impugned order. Heard learned DR. She vehemently tried to argue that the stay of operation is required as question of refund is involved. She would submit that the credit of the input stage are not used directly in t....