2003 (3) TMI 506

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....this appeal, the Revenue has questioned the validity of the impugned Order-in-Appeal dated 20-9-2002 vide which the Commissioner (Appeals) has modified the Order-in-Original dated 23-4-2001 of the adjudicating authority. 2. The facts are not much in dispute. On carrying out the physical verification of the stock lying in the factory of the respondents by the Officers of the Central Excise on....

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....premises towards the shortage fabrics and accordingly reduced the duty to Rs. 14,813/- with equal amount of penalty. He had, however, set aside the penalty under Rule 173Q of the Rules and reduced the penalty against the Director, Shri J.K. Jain to Rs. 2,000/-. 3. No appeal by the Revenue questioning the reduction in the penalty on the Director of the company, Shri J.K. Jain, had been filed.....