2001 (7) TMI 1103

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..... r the Respondent. [Order per : Archana Wadhwa, Member (J)]. Vide the impugned order an amount of Rs. 1,78,850/- (rupees one lac seventy-eight thousand eight hundred fifty only) has been confirmed against the appellants and penalty of Rs. 2,000/- (rupees two thousand only) has been imposed on the ground that the appellants were required to debit the Modvat credit at the rate of 8% of the .....

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..... ion but have only submitted that they were not aware of the provisions of Rule 57CC and were debiting the Modvat accounts in terms of the provisions of Rule 57C only. Inasmuch as the legal position has not been disputed by the appellants, we confirm the demand of duty against them. As regards the personal penalty the submission of the learned Advocate that there was no mala fide by them. As they w .....

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