2009 (11) TMI 695

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..... e assessees as they had availed the benefit of CENVAT credit on certain inputs and cleared them as defectives, without payment of duty either by reversal in CENVAT account or by debit in PLA resulting in contravention of the provisions of Rule 3(5) of the CENVAT Credit Rules, 2002. The extended period of Limitation was applied -against the assessees on the ground of suppression. The demand was con .....

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..... f the fact that they were required to discharge duty liability on such clearances and yet: did not pay duty while clearing the defective inputs, but also upon the admission of Shri M.K. Yousuf, I Chairman Managing Director of the assessees company. The charge of suppression stand clearly established against the assessees. They have, therefore, been rightly held to be liable to penalty. I accordi .....

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