1993 (9) TMI 226

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....esai, Member (J)]. - This appeal is directed against the Order-in-Appeal No. V. 2(34)235/91/3967 (SKD)/444/DN-VII/91/BII) dated 27-9-1991 of the Collector of Central Excise (Appeals), Bombay, confirming the Order-in-Original No. V-Adj(ADC)4-220/89/3532 dated 8-5-1991 of Assistant Collector of Central Excise, Div. VII, Bombay II, confirming the demand of Rs. 9979.78 from the appellants. 2. Wh....

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.... inputs lying in stock, on the date they opt out of the Modvat Scheme. On this ground, enquiry was made and it was found that the appellants were liable to reverse the credit to the extent of Rs. 38,893.63 whereas they had reversed the credit to the extent of only Rs. 22,959.32 and paid Rs. 5954.53 by challan for the inputs used in the goods manufactured which were to be cleared subsequent to the ....

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....balance as shown in the RG 23A Part II was only Rs. 22,959.32. Thus there was a deficit to the extent of Rs. 14,934.31, out of which the appellants have paid Rs. 5954.53 by a separate challan and the balance of Rs. 9979.78 remains payable, which was demanded by issuing a Show Cause Notice and confirmed by the Order-in-Original. The appellants' contention that only such of the amount which was lyin....