2004 (2) TMI 506

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..... , for the Respondent. [Order per : Justice K.K. Usha, President]. - This is an appeal at the instance of the Revenue challenging the order passed by the Commissioner (Appeals) dated 21-12-2000. Commissioner (Appeals) accepted the contention raised by the assessee that Modvat credit of Rs. 3,38,512/- was admissible as claimed by it. Penalty imposed by the adjudicating authority was vacated. 2.& .....

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..... ssessee without any letter of condonation of delay in filing the declaration from the Assistant Commissioner was irregular, the assessee reversed the credit already taken on 14-2-1997. The condonation of delay was granted on  16-4-1997 when the assessee took the credit again on 30-3-1998. It is contended on behalf of the Revenue that assessee has failed to take credit within six months from t .....

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