2005 (2) TMI 221

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....appeared for the assessee. 2. The appellant is a manufacturer of textile machinery. It receives inputs both indigenous and imported for such manufacture. It also takes Modvat credit in respect of such inputs. In the instant case, it has been held that Modvat credit of about Rs. 10,000/- has been incorrectly taken by the appellant inasmuch as the inputs in question were supplied without payment ....