Hi Venkat,
Please ask this question in routing/switching forum. As far as i know you can only configure pa-mc-8te1 as E1 or T1 ports. For more details please visit the below link.
http://www.cisco.com/c/en/us/td/docs/interfaces_modules/port_adapters/install_upgrade/multichannel_serial/8-port_multichannel_t1-ei_8pri_install_config/8port_t1/2738ovr.html
Regards,
Kanwal
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