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TMI Blog2018 (3) TMI 610X X X X Extracts X X X X X X X X Extracts X X X X ..... imposition of penalty. The demand of duty is of 2,59,050/- and as such I agree with the ld. Advocate that the interest payable by them would be on the said amount only. Similarly, for penalty amount, the same would be imposable equivalent to the duty confirmed against them which is again 2,59,050/- - appeal disposed off. X X X X Extracts X X X X X X X X Extracts X X X X ..... ed a view that the balance credit of ₹ 2,59,050/- should also be reversed by them. 3. Accordingly, proceedings were initiated resulting in confirmation of the said amount. However, the original adjudicating authority confirmed the interest as also imposed penalty of ₹ 9,28,718/-. On appeal, the said order of the original adjudicating authority was upheld by the Commissioner (Appeals). ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... milarly, the penalty should be reduced to ₹ 2,59,050/-. 5. After hearing the ld. AR, I find that the appellant is not contesting the demand of duty, interest and imposition of penalty. The demand of duty is of ₹ 2,59,050/- and as such I agree with the ld. Advocate that the interest payable by them would be on the said amount only. Similarly, for penalty amount, the same would be impos ..... X X X X Extracts X X X X X X X X Extracts X X X X
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