2001 (9) TMI 1033

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.... Jeet Ram Kait, Member (T) (Oral)]. -  This is an appeal against order-in-original No. 93/2000 (Cus.-Airport) dated 16-11-2000. O.S. No. 559/DEEC/MISC/690/95/56 (CA) App. 75/95 (CAU). This appeal has been filed on the ground that they had initially availed the Modvat credit on indigenous inputs which they had reversed. Ld. Advocate Shri B.V. Kumar has invited our attention to letter dated 6-....

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....ay interest @ 24% per annum from the date of clearance of the goods till the payment of duty. A penalty of Rs. 25 lakhs was also imposed on the appellant company under Section 112 of the Customs Act, 1962. Ld. Counsel has therefore requested that the case should be remanded back to the Commissioner and request the Chief Commissioner, if not already requested, to appoint a Cost Accountant to verify....

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....questing that the whole matter may be remanded back to the original authority for de novo consideration after affording reasonable opportunity to them to rebutt the allegation of the Department. 3. Heard ld. DR, Shri Soundararajan who has no objection, if the whole issue is re-examined in view of the above submission which is based on record. 4. Heard both sides and we are of the consi....