2001 (7) TMI 202

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....of Modvat credit amounting to Rs. 65,885/- and imposition of penalty of Rs. 5,000/-. 2. The facts of the case in brief are that the appellants claimed Modvat credit on lubricants, electrodes, P.M. Shaft and disinfectants. In respect of disinfectants and P.M. Shaft, the allegation in the SCN was that the declaration was not filed whereas in respect of lubricants, the further allegation was that ....

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....submits that this issue is sequarely covered by the decision of the larger Bench of this Tribunal in the case of Kamakhya Steels reported in 2000 (121) E.L.T. 247 (Tri. - LB) = 2000 (40) RLT 575. He submits that the allegation in the case of Kamakhya Steels was that the appellants had not filed the declaration in respect of the items and that in terms of Notification. No. 7/99, dated 9-2-1999 issu....