1996 (8) TMI 193 - AT - Central Excise

Summary

The judgment involves a dispute regarding Modvat credit taken by M/s. J.K. Synthetics for caprolactum used in manufacturing nylon chips. The issue is whether there was a loss of revenue to the government. The Tribunal directs the applicants to deposit Rs. 2 lakhs within eight weeks, and upon compliance, the detention of their goods shall be withdrawn.