2004 (11) TMI 480

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..... the Respondent. [Order per : S.S. Kang, Vice-President]. Heard both sides. 2.The applicant filed this application for waiver of pre-deposit of duty of Rs. 2,32,69,217/-. In this case the benefit of Modvat credit was denied on the ground that the appellant used LDO in the power plant which is situated 14 kms away from the factory. As per the definition of inputs, during the relevant per .....

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..... t case for total waiver of duty. The applicant pleaded financial hardships on the ground that they are under losses. Keeping in view the facts and circumstances of the case and financial hardships, the applicants are directed to deposit an amount of Rs. 1 crore within a period of eight weeks. On deposit of the above mentioned amount, the pre-deposit of remaining amount of duty is waived for hearin .....

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