2003 (7) TMI 455

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..... . Ms. N.L. Bhutalia, SDR, for the Respondent. [Order]. In this appeal, the appellants have only questioned the imposition of penalty of Rs. 31,271/-, an amount equal to the amount of duty. So far as the confirmation of duty of the amount in question is concerned, the same has not been contested by the learned Counsel before me. What has been disputed by the learned Counsel is that, t .....

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..... y. However, keeping in view the facts and circumstances of the case, and the fact that the appellants had already debited the wrongly availed Modvat credit, the penalty is reduced to Rs. 5,000/- (rupees five thousand only). Except for this modification in the penalty amount, the impugned order is maintained. The appeal stands disposed of in the above terms. - - TaxTMI - TMITax - Central Excise .....

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