1997 (7) TMI 352

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.... with Section 11A of the Central Excises and Salt Act, 1944. A personal penalty of Rs. 10,000/- was also imposed under Rule 173Q of Central Excise Rules, 1944. 2. In this case, the appellants are engaged in the manufacturing of electrical stamping and lamination falling under sub-heading No. 8312.00 of the Central Excise Tariff Act, 1985. The appellants were availing the facility of deemed credit on HR sheet/CR sheet in terms of the Govt. of India's Order No. 342/1/88/TRU, dated 12-7-1990. The officers of the respondent visited the factory of the appellants on 14-4-1992 and at the time of visit, Shri J.C. Handa, General Manager of appellants made a statement that the appellants are engaged in the manufacture of electrical steel stampi....

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....rical silicon sheets as stated by Shri J.C. Handa. He further submitted that the appellants had purchased sizeable quantity of inputs from SAIL and they described the goods as HR sheets/CR sheets. He further submits that there is no technical bar in using non-silicon sheets for manufacture of stampings and laminations. He also submits that the demand is time barred as the full facts regarding use of inputs are within the knowledge of the respondent, therefore, the extended period of five years cannot be invoked. He therefore, prays that the appeal may be allowed. 4. We have heard Shri Ramsaran, JDR on behalf of the respondent. 5. In this case, the appellants are availing the benefit of deemed credit in respect of inputs as CR sh....