2008 (4) TMI 638

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..... e Respondent. [Order per : Archana Wadhwa, Member (J)]. The Modvat credit availed in respect of the capital goods stands denied to the appellant on the sole ground that the same stand acquired by them under lease agreement from M/s Cello Writing Instruments Containers Ltd., Mumbai, who cannot, be held to be a financing company, in terms of Reserve Bank of India s Rules. After hearing b .....

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