2006 (5) TMI 249

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..... . Hore, JDR, for the Respondent. [Order per : S. S. Sekhon, Member (T)]. The applicant/appellant company is an assessee of Central Excise and they had received a show cause notice dated 30-10-2001 calling upon them to: show cause as to why Credit of Rs. 75,16,684.65 availed by them should not be recovered along with the interest under Rule 12 of the erstwhile CENVAT Credit Rules, 2001 co .....

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..... AE of the Central Excise Rules, 1944) and was, therefore, recoverable. The recovery as proposed was confirmed. The Commissioner of Central Excise (Appeals) directed the applicant/appellant company to make a predeposit of a sum of Rs. 75.00 lakh (Rupees seventy-five lakh) and reduced the penalty to a sum of Rs. 1.00 lakh (Rupees one lakh). On considering the materials, we find that the supplementar .....

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