1999 (2) TMI 619

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....arwani, learned Standing Counsel, appearing for the respondent. 2.The petitioner availed Modvat credit in view of the provisions contained in the Central Excise Act and the Rules framed thereunder. The said credit was however disallowed by the Assistant Commissioner (Central Excise) after serving notice upon the petitioner and hearing him. An appeal was preferred against the order of the Assistan....

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....7 and the statement relating to decline in business and sale of the petitioner. The learned Commissioner (Appeals) allowed 50% waiver by observing that considering the financial difficulty the appellants are directed to deposit 50% of the amount and Rs. 50,000/- towards penalty imposed. Learned Standing Counsel submits that this is enough to show that the documents were considered. 4.Having heard....