2004 (3) TMI 557

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Randhir Singh, JDR, for the Respondent. [Order]. - In this appeal, the appellants have sought setting aside of the penalty amount of Rs. 10,000/- as imposed on them by the Commissioner (Appeals) after modifying the order-in-original of the Asstt. Commissioner who even disallowed the Modvat credit and imposed penalty on them, as detailed therein. 2. The learned Counsel has contended ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....icating authority disallowed the Modvat credit which was of Rs. 8,34,963/- and imposed penalty of Rs. 2,50,000/- on them. But the Commissioner (Appeals) had allowed them the Modvat credit. He has, however, maintained the penalty, but reduced the same to Rs. 10,000/-. When the appellants had been found to be entitled to the Modvat credit for want of any dispute about the same in the factory, in my ....