2004 (1) TMI 492

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..... : C. Satapathy, Member (T)]. Heard both sides. Shri Rajesh Chander Kumar, ld. Advocate appearing for the appellants states that the appellants took Modvat credit on capital goods namely Gantry System Works . Subsequently, the said capital goods were damaged in a fire accident and the same was cleared as scrap on payment of duty. He states that the appellants case is covered by sub-rule 2( .....

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