2003 (9) TMI 619

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..... the Respondent. [Order]. Appellants are availing Modvat credit on inputs common to duty-paid and fully exempt final products and are not maintaining separate accounts. They are reversing the 8% amounts as per the requirements of Rule 57CC on clearance of exempted goods. 2. They were, in the proceedings initiated, required to deposit the amounts equivalent to 8% reversed under Rule 57CC .....

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