1998 (1) TMI 266

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..... lant. Shri T. Premkumar, SDR, for the Respondent. [Order per : P.C. Jain, Member (T)]. - The applicant prays for waiver of pre-deposit and stay of recovery of Rs. 6,59,512.90 demanded as duty for the period 28-2-1993 to 31-8-1993 against a show cause notice dated 21st February, 1994 and of penalty of Rs. 1,00,000/-. The applicant is manufacturing floor plate out of components supplied by TELCO .....

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..... dvat credit of duty paid by the appellant/applicant on floor plates and would have taken credit of the differential duty, had it been charged from the appellant. The same duty would have been taken as Modvat credit by TELCO. We are, therefore, of the view that in the scheme of things as adopted by the appellant, there is no loss of revenue to the department. Consequently, having regard to the over .....

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