2005 (7) TMI 490

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..... nly issue involved in the present appeal filed by the appellants against the impugned order-in-appeal relates to the imposition of penalty on them. 2.The appellants during the period in dispute detailed in the impugned order, instead of paying duty from the PLA account, paid same from R.G. 23A Part II. They were served with the SCN on 17-5-2001 for having paid the duty from the wrong account, bu .....

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..... not only paid the duty from PLA, but also the interest thereon. Therefore, the penalty imposed on the appellants deserves to be reduced and the same is accordingly reduced to Rs. 50,000/-. Pre-deposit amount of the appellants shall be adjusted towards this penalty amount. The impugned order accordingly stands modified and appeal of the appellants accordingly stands disposed of. (Order dictated i .....

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