2002 (4) TMI 544

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... the Respondent. [Order]. -  After dispensing with the condition of pre-deposit of personal penalty of Rs. 73,775/- (Rupees seventy-three thousand seven hundred seventy-five) imposed upon the appellant under the provisions of Section 11AC read with Rule 173Q of Central Excise Rules, I take up the appeal itself with the consent of both the sides. 2. The appellants are manufacturi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....earing for the appellant does not dispute the duty confirmation against the appellant. He however submits they were working under a bona fide belief that no duty was required to be paid on the racking losses. He submits that the Revenue has taken the figures from their statutory records and RT-12 returns which were being submitted to the Revenue. As such it cannot be concluded that there was any m....