2014 (1) TMI 326

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..... ds used in the generation of electricity and partly used the same for the non-duty paid finished goods - The audit party during the verification of records detected the irregularity of availment of the credit - The applicant reversed the entire credit along with interest immediately upon detection by the audit party - Prima facie, the deposit of duty and interest is sufficient for waiver of pre-de .....

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..... ral Excise audit party during the verification of the records detected the irregularity. It has also found that they are availing irregular credit on capital goods. The applicant upon detection by the audit party, immediately reversed the entire credit of Rs.3,08,823/- along with interest. By the adjudication order, the adjudicating authority appropriated the amount of duty and interest and impose .....

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..... d capital goods used in the generation of electricity and partly used the same for the non-duty paid finished goods. The audit party during the verification of records detected the irregularity of availment of the credit. The applicant reversed the entire credit along with interest immediately upon detection by the audit party. Prima facie, I find that the deposit of duty and interest is sufficien .....

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