2008 (11) TMI 474

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..... [Order]. The Revenue is aggrieved by the non-levy of interest and non-imposition of penalty by the Commissioner (Appeals) on the respondents who are manufacturers of Rectified Spirit, Ordinary Denatured Spirit, and Special Denatured Spirit (all three are different varieties of Ethyl Alcohol) and took Cenvat credit on the quantities, but subsequently reversed the same and admitted that they w .....

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..... penalty under Section 11AC of the Central Excise, Act, 1944. I, therefore, agree with the Revenue that this is a fit case for levy of interest and for penal action against the respondent and, therefore, restore the order of the adjudicating authority who had levied interest and imposed penalty. The impugned order is thus set aside and the appeal allowed. (Dictated and pronounced in the open Cou .....

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