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1999 (7) TMI 178 - AT - Central Excise
The judgment relates to denial of Modvat credit on capital goods. The total Modvat credit denied is Rs. 32,38,546. The applicants are directed to freeze Rs. 22 lakhs in their RG 23C Register. Pre-deposit of the remaining amount is waived, and recovery is stayed pending compliance check on 14th September, 1999.
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