2001 (7) TMI 1090

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..... refrigerators and washing machines falling under Chapter 84 of the Schedule to the Central Excise Tariff Act, 1985. They imported 14 sets of Iron Moulds vide Bill of Entry dt. 20-1-94 and availed Modvat credit of Rs. 2,17,084/- on them. They sent these moulds to M/s. Perfect Job Work, Delhi for return after rectification and polishing in terms of Rule 57F(3) of Central Excise Rules, 1944 on 20-6- .....

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..... tated amount to the appellants and ordered for the appropriation of the amount already paid. He further imposed a penalty of Rs. 2,17,084/- on the party under Rule 57U(6) and a penalty of Rs. 50,000/- under Rule 173Q. 3. The party filed an appeal and the Commissioner (Appeals), Jaipur vide his Order dt. 15-9-2000 but for setting aside the penalty of Rs. 2,17,084/- upheld the order passed by the .....

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..... this case are that the party had purchased the Iron Moulds for the manufacture of plastic parts for use in their final product and the same were sent to their job worker under Rule 57F(3) on 20-6-94 for return after rectification and polishing but the same were not received back because they could not instal a suitable injection moulding machine to use these moulds. The moulds were being used by t .....

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