2004 (2) TMI 408

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..... . Heard. The facts of this appeal lies in a narrow compass and as such, the stay application of the Revenue is allowed. In my view, the appeal itself can be disposed of as the learned Counsel for the respondents has put-up his appearance and he has no objection if the appeal itself is decided. 2. The issue in this appeal relates to the availability of Modvat credit to the respondents on CR .....

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..... ecorded detailed reasons while rejecting the stand of the respondents. However, the Commissioner (Appeals) has reversed that order simply by recording that the respondents (appellants before him) contended that they had the machinery for converting CR coils into sheets and that they had received the inputs physically under the duty paid invoices from a registered dealer . But he has nowhere recor .....

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