2002 (5) TMI 130

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..... d off on the limited issue. Accordingly, appeal was taken for regular hearing with the consent of both sides by waiving the pre-deposit for the purpose of hearing the appeal. 2. The appellants are the manufacturers of Hot re-rollable products of non-alloy steel i.e. Rectangular Bars, M.S. Bars, M.S. Squares falling under Chapter Heading 7214.00 of Central Excise Tariff Act, 1985. The appellants .....

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..... quired to pay the duty on 10th of every month. He said that since the party has made belated payment, the Department was justified in imposing the penalty. 5. I have carefully considered the submissions made by both sides and perused the records. As can be seen from the records, the Assistant Commissioner has imposed penalty of Rs. 2,89,063/- besides demanding interest of Rs. 4,281/- under Rule .....

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