1999 (12) TMI 639

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..... Appeal No. 7/98 dated 16-3-98 by which duty demanded for a sum of Rs. 78,525/- has been confirmed along with penalty of Rs 50,000/-. The Commissioner is aggrieved in dropping the proceedings of mandatory penalty under Section 11AC. The respondents had filed appeal against the impugned order confirming duty and penalty in Appeal No. E/1661/98 along with stay petition. When the matter came up for he .....

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..... to confirmation of duty demand and imposition of penalty. The said appeal has been disposed of under the KVS Scheme as the designated authority i.e. the Commissioner of Central Excise, Coimbatore had accepted the application of the assessee for settlement of the issue under the KVS scheme and issued Form 3 in full and final settlement of the matter under the same scheme. It follows therefore, that .....

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