9911796707
TMI Blog1994 (2) TMI 187X X X X Extracts X X X X X X X X Extracts X X X X ..... . Kalyanam, Member (J)]. Stay petition - Since the issue to be decided in the appeal is only with reference to leviability of penalty or its quantum, we take up the appeal itself today with the consent of parties and therefore grant waiver of pre-deposit of penalty pending appeal today. 2. Appeal - Shri Sriram Panchu, the learned Counsel for the appellant submitted that the appellant has g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... officers and therefore, whatever may be the nature of infraction, certainly it would not entail penal consequences and imposition of penalty is not called for and the ld. Advocate made a fervant plea for setting aside the penalty. 3. Shri J.P. Gregory, the learned SDR submitted that procedural infraction is admitted and in the entire MODVAT Scheme, transfer of Credit from one factory to anothe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mentation in manner to suggest as if that the appellant has transferred the inputs from their factory to their sister concern while not stating that transfer in effect took place in proper. The Learned Counsel fairly conceded that the appellant had purchased inputs and had taken MODVAT Credit in respect of the same and utilised the same in their factory for manufacturing Tyre cord warp, which was ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he law did not provide for the same. The appellant s plea is that the appellant informed the Supdt. of Central Excise in whose jurisdiction the sister concern functions about what the appellant was doing. This does not in any way clothe the appellant s action with any legality. It is not clear to us as to under what provisions of law their other Unit can take MODVAT Credit by transfer of inputs wh ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
