2002 (4) TMI 614

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..... After dispensing with the condition of pre-deposit of duty and penalty, I take up the appeal itself with the consent of both sides. 2. An amount of Modvat credit of Rs. 38,659.65 (Rupees thirty-eight thousand six hundred fifty-nine and paise sixty-five) has been denied to the appellants and a penalty of Rs. 2,000.00 (Rupees two thousand) has been imposed on the appellant company on the ground .....

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..... of the appellant company is that it is the same Hot Rolled Strips which they have been importing for the manufacture of their Blade and there is no dispute that the goods in question have been used in their factory in the manufacture of the Blade . Minor discrepancy in the description given by the supplier of the goods in the documents should not result in denial of the Modvat credit. For the a .....

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