2003 (4) TMI 418

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....rder]. - By the impugned order the Commissioner of Central Excise has confirmed duty demand of Rs. 2,71,431/-, demanded irregular credit availed amounting to Rs. 1,62,821/- (which alone is contested by the appellants) and Rs. 1,38,593.40 and imposed penalty of Rs. 1 lakh on M/s. Krishna Steel Industries and penalty of Rs. 10,000/- on its partner. 2. I have heard both sides. 3. It is ....