1996 (7) TMI 379

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....e Respondents. [Order]. - This appeal is directed against the order of Collector of Central Excise, Chandigarh dated 21-2-1995 imposing a penalty on the appellants of Rs. 50,000/- 2. The short facts leading to the issue of this order are that the appellants were manufacturing a number of excisable products from certain common inputs. The rule prescribes a register to be maintained sh....

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....ng him that they were maintaining stock accounts and were availing benefit of the impugned trade notice. They also claimed that such accounts were available for verification to the Central Excise Officers. A Show Cause was however issued on 2-7-1993 alleging that for failure to show utilisation of the inputs in the statutory register, the Modvat credit availed during the period December, 1992 to M....

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....eld by him. She claimed that Collector's belief that statutory records were not properly maintained was not correct. She claimed that in the absence of mala fides on their part there was no justification for imposition of penalty. 4. Shri Ram Sharan, learned JDR argued that penalty was correctly imposed for failure of the appellants to maintain statutory records correctly. 5. I hav....