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2001 (11) TMI 1012

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....self for hearing with the consent of both sides. 2. In this case, the Adjudicating Authority confirmed the duty demand of Rs. 5,75,100/- wrongly availed as Modvat Credit by the Assessee on the ground that physical stock was found short and hence availment of Modvat credit of that quantity found short is incorrect. We also imposed a penalty of amount equal to duty as well as penalty of Rs. 10 la....

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