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TMI Blog1997 (7) TMI 381X X X X Extracts X X X X X X X X Extracts X X X X ..... Brahma Deva, Member (J)]. These are three appeals filed by the appellants against a common inpugned order involving a common issue and, therefore, they are being clubbed together and are being disposed of by this common order. 2. The main issue to be considered in these appeals is whether the appellants entitled to Modvat credit in terms Rule 57C in respect of such inputs which have been ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of M/s. Kirloskar Engines Oil referred to above. He submitted that apart from contending the issue on merits, the point to be considered in these cases is whether the department was justified in imposing personal penalties of Rs. 5,000/-, Rs. 5,000/- and Rs. 1,000/- respectively on the appellants. He submitted that the issue is debatable in view of the fact that respective Benches have taken a di ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5) STC 194 and in the case of Cement Marketing Co. of India Ltd. v. Assistant Commissioner of Sales Tax, Indore and Others - 1980 (6) E.L.T. 295 (S.C.) = 1980 (45) STC 197. He drew our attention to the observations made by the Supreme Court in that case. The Apex Court observed that it was a highly arguable contention which required serious view and the belief entertained by the appellants that it ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in respect of such inputs which have been used by them in the manufacture of final products which are fully exempted and hence on merits the department succeeds. 7. As regards penalty, we find that there is some force in the arguments advanced on behalf of the appellants as can be seen from the fact that the mattter is highly arguable and there was no clear cut finding given till the verdict of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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