2004 (4) TMI 430

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..... sentation for the applicants despite notice. I have examined the records and heard the DR. 2. The original and first appellate authorities have disallowed deemed Modvat credit of over Rs. 34,000/- to the appellants for the period January to September, 1999. They have also imposed a penalty of Rs. 2,000/- on the party. 3. It appears from the records and the submissions of the DR that the above .....

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..... posit and stay of recovery, nor have they pleaded financial hardships supported by the evidence. 4. After admitting the appeal, I direct the applicants to pre-deposit an amount of Rs. 34,000/- within a period of 4 weeks from the date of receipt of a certified copy of this order. (Registry to issue a certified copy within 7 days). In the event of due compliance with the direction, there will be w .....

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