2005 (3) TMI 512

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..... r the Respondent. [Order per : V.K. Agrawal, Member (T) (Oral)]. These are two applications filed by M/s. India Cements Ltd. for waiver of pre-deposit of duty of Rs. 47,48,908/- and Rs. 22,30,892/- which is disallowed as Modvat credit on parts and components of capital goods. 2. Shri V. Ravindran, learned Consultant for the appellants, submitted that all the items are parts or componen .....

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..... of Rs. 95.93 crores by 31-3-2004. 4. Opposing the prayer, Smt. R. Bhagyadevi, learned SDR, submitted that steel structures cannot by any stretch of imagination be termed as parts of the cement machinery as the cement machinery is complete even without these structures. She has further submitted that Modvat credit was taken in 1997 and has been utilised almost eight years ago and as such, the ap .....

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