2006 (3) TMI 588

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..... DR, for the Respondent. [Order per : Archana Wadhwa, Member (J)]. The prayer in the application is for dispensing with the condition of pre deposit of duty amount of Rs. 21,46,942/- and equivalent amount of personal penalty. 2. The appellant is a person engaged in the manufacture of processed textile, which were extended the facility of Modvat credit with effect from 1-4-2003 by issuan .....

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..... reference to their earlier stock declaration filed on 1-4-2003. There is no dispute about the stock position as declared in the said letter of 1-4-2003 and subsequent declaration filed on 25-5-2003. The letter dated 7-7-2003 cannot be construed as a fresh declaration inasmuch as the same seeks certain clarification for arriving at the formula prescribed under the notification. As such, we are of t .....

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