9911796707
TMI Blog2007 (4) TMI 82X X X X Extracts X X X X X X X X Extracts X X X X ..... er No. A/564/2007-WZB/AHD/C-IV/SMB - Dated:- 4-4-2007 - [Order per] - Vide impugned order, MS waste and scrap received by the appellant who is a registered dealer, stands confiscated with an option to them to redeem the same on payment of redemption fine of Rs. 2.40 lakhs and penalty of Rs. 50,000/- stands imposed on the M/s. M.H. Steel Corpn., on the ground that the MS scrap received by them f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nformation of substitution of usable scrap obtained from M/s. Bajaj Auto Ltd. in the form of cut sheets by some other scrap obtained from the market. Although the present scrap found in the appellants stock, of a value of approximately Rs. 20 lakhs, was reportedly obtained from M/s. Mahindra Ugine, and also, the appellants were able to satisfy the authorities on this account, the fact remains that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lers would not be able to issue modvatable invoices for the said non-entered goods and their customers would not be able to take the Modvat credit in respect of the duty paid on the said input. As such, it is not understood as to how the non- entry of goods in RG 23D register act prejudice to the Revenue's interest. Learned DR has not shown to me that registered dealer is de-barred from dealing wi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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