2001 (8) TMI 830

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..... The issue relates to imposition of penalty under Rule 173Q of the Central Excise Rules. The appellant took Modvat credit on certain inputs in the month of July, 1995. On knowing that he has wrongly taken the credit, same was reversed before the issue of show cause notice. Arguing for the appellants, Shri Raghu submitted that admittedly the party availed excess credit in the month of July, 1995 a .....

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..... td v. Commissioner of Central Excise, Bangalore [2001 (132) E.L.T. 623 (T)] (Appeal No. E/1724/97). 2. Smt. Radha Arun arguing for the Revenue justified the action of the Department in imposing the penalty. She submitted that since the Commissioner has already reduced the quantum of penalty amount no further reduction is called for in the facts and circumstances. 3. I have carefully co .....

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