2002 (7) TMI 180

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....0 (Rupees five lakh thirty-one thousand nine hundred and twenty-five) before hearing of their appeal by the Commissioner (Appeals). As such, I dispense with the condition of pre-deposit of penalty and take up the appeal itself, with the consent of both sides. 2. It is seen that originally, there was a dispute as regards the availability of Modvat credit of Rs. 5,31,925.00 (Rupees five lakh thirty....

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....ue accordingly. The dispute in the present appeal relates to re-crediting of the said amount. The Revenue's objection is that before taking the Credit of the said amount, the appellants should have taken the permission of the Assistant Commissioner instead of taking the credit suo motu. 3. After hearing Shri K.K. Banerjee, learned Advocate for the appellants and Shri T.K. Kar, learned S.D.R. for ....