2004 (7) TMI 659

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..... in appeal. 2. The assessee availed exemption and was visited by a team ofPreventive Officers, who found that certain credits availed were notas per law and raised objections. The assessee, therefore reversedthe following amounts on 10.10.96 ₹ 1,22,84,904, on 11.10.1996 ₹ 44,66,004/-. However, no Show Cause Notice was issued and theassessee on being advised that the reversal made wer .....

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..... peal by the Revenue on the grounds: i) Show Cause Notice for the offence case has since been issued. ii) Reliance in case of Chandrapur Magnet Wires relied upon by theCommissioner (Appeals) is not relevant to the facts herein. 4. Considering that this Tribunal in the case of FloridaElectrical Industries ltd. Vs. CCE, Delhi, 2004 (168) ELT 393(Tri.-Del.) has held that refund of amount .....

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