1999 (9) TMI 322

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... [Order per : Jyoti Balasundaram, Member (J)]. Deemed credit of Rs. 18,53,225.18 availed by the applicants herein during the period from September 5, 1988 to 1-3-1990 on steel plates and steel sheets has been directed to be recovered from them under the proviso to Rule 57-I of the Central Excise Rules read with the proviso to Section 11A of the Central Excise Act. A penalty of Rs. 50,000/- h .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... on of duty is on the grounds not raised in the show cause notice. The applicants have also a strong case on limitation in view of the fact that the show cause notice dated 26-7-1991 has been issued beyond a period of six months from the relevant date in terms of Rule 57-I as prima facie there is no suppression of any material facts so as to warrant invoking of the extended period of limitation. Th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X