2001 (4) TMI 906 - AT - Central Excise

Summary

The appeal was allowed as the demand was found to be hit by limitation due to lack of specific allegations in the show cause notice. The appellants took credit on duty paid viscose staple not used in final product, but utilized in clearance of other goods. The Commissioner's order was overturned as the plea of limitation was not raised before the Assistant Commissioner. The demand of Rs. 4,85,540/- and penalty of Rs. 10,000/- was waived.