2003 (11) TMI 527

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..... ao, JDR, for the Respondent. [Order per : V.K. Agrawal, Member (T)]. This is an application, filed by M/s. Flex Industries Ltd., for waiver of pre-deposit of Central Excise duty Rs. 13,19,217.00. 2. Shri Arvind Arora, Joint Executive Manager of the appellants, submitted that they had availed of Modvat credit of the duty paid on capital goods during the period from Jan., 199 .....

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..... learned DR, reiterated the grounds contained in the impugned order. 4. We have considered the submissions of both the sides. Prima facie, the stand taken by the applicants that the Notification dated 23-7-1996 cannot be made applicable to the capital goods received prior to that date, appears to be correct. The applicants have, thus, made a strong prima facie case in their favour. We, therefore .....

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