9911796707
TMI Blog2007 (3) TMI 450X X X X Extracts X X X X X X X X Extracts X X X X ..... . Being aggrieved with the order passed by the Commissioner (Appeals), vide which he has set aside the confirmation of interest under Section 11AB and has reduced the personal penalty from Rs. 1 lakhs to Rs. 20,000/-, the revenue has filed the present appeal. For better appreciation, para 4 of his order is re-produced below :- I have carefully gone through the case records as well as the s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y is imposable under Rule 13(1) of Cenvat Credit Rules 2002. However, in view of the fact that the entire irregular credit has been reversed before issue of show cause notice, the penalty of Rs. 1,00,000/- under Rule 13 is reduced to Rs. 20,000/-. 2. It is seen that the respondents had taken the credit during the period September, November 2003, inasmuch as there was some dispute about the exci ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
