2007 (7) TMI 488

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... lants filed this appeal against the impugned order whereby demand of Rs. 3,00,360/- after denying deemed credit and penalty of Rs. 75,000/- was imposed. 2. The only contention of appellant is regarding imposition of penalty. The contention is that appellant wrongly availed the deemed credit in respect of bed sheets as inputs and paid duty at the higher value at the time of clearance. The payment .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... duty on higher value. The revenue s contention is that appellants are not entitled for deemed credit. The contention of appellant is that as the process undertaken by them are not amounting to manufacture, hence are not liable to pay duty. 5. In these circumstances, the appellants availed the deemed credit and deemed credit is not admissible, as the appellants are not doing any process of manuf .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X