2004 (10) TMI 382

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..... or the Respondent. [Order per : V.K. Agrawal, Member (T)]. This is an application by M/s. Emkay Industries for waiver of pre-deposit of Central Excise duty of Rs. 72,65,666/- and penalty of equivalent amount plus Rs. Five lakhs. 2. Shri K.K. Anand, learned Advocate submitted that the Modvat credit has been disallowed to them on the ground that they had only received the invoices withou .....

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..... re not receiving HR/CR strips. 4. We have considered the submissions of both the sides. In view of the fact that no inquiry has been conducted by the Department from the registered dealers about supply or non-supply of raw material and issuing only invoice and the fact that during the relevant period the Applicants have shown manufacture of motor vehicles parts which have been cleared on payment .....

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