2004 (5) TMI 388

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....t. Shri P.M. Rao, JDR, for the Respondent. [Order]. -  Heard both sides. 2. Appellants filed this appeal against the impugned order whereby the inputs found in excess were confiscated and released on payment of redemption fine and in respect of the confiscation of ACC & ANT conductors, in his impugned order, the redemption fine of Rs. 1,00,000/ was imposed for release of the ....

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....issued by M/s. H.M. Conductors & Engineers (P) Ltd. and after job work the goods were duly sent to M/s. H.M. Conductors & Engineers (P) Ltd. vide delivery challan dated 15-7-2000 and the appellants were maintaining the record in respect of the activity undertaken on job work basis. The contention of the appellants is that this plea is not accepted by the Revenue on the ground that no intimation fo....

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....d on the steel wire as the same was purchased from the dealers. The Tribunal in the case relied upon by the appellants held that the inputs which are not entered in the stock are not liable for confiscation. In view of this, the confiscation of steel wire is not sustainable and hence set aside. 7. In respect of confiscation of ACC & ANT conductors, it is not disputed by the Revenue that th....