2005 (9) TMI 356

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..... ondent. [Order per : C.N.B. Nair, Member (T)]. The demands and penalties in the present appeals arise from denial of Modvat credit. Appellant, M/s. Vardhman Chemicals, is a manufacturer. It received certain inputs from the other appellant M/s. Jagriti Plastics Pvt. Ltd., who is a dealer. The appellant manufacturer took credit of the excise duties shown in the invoices issued by the deale .....

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..... ited in terms of stay order passed by the Commissioner (Appeals). 3.Learned SDR points out that there was a detailed consideration of private records kept by the dealer and those private records have shown that the goods actually were not supplied to the present manufacturer. He would contend that in such a situation, Revenue authorities are right in holding that Modvat credit has been passed on .....

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