2006 (5) TMI 249

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ant. Shri A. Hore, JDR, for the Respondent. [Order per : S. S. Sekhon, Member (T)]. -  The applicant/appellant company is an assessee of Central Excise and they had received a show cause notice dated 30-10-2001 calling upon them to: show cause as to why Credit of Rs. 75,16,684.65 availed by them should not be recovered along with the interest under Rule 12 of the erstwhile CENVAT Cre....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....(erstwhile Rule 57AE of the Central Excise Rules, 1944) and was, therefore, recoverable. The recovery as proposed was confirmed. The Commissioner of Central Excise (Appeals) directed the applicant/appellant company to make a predeposit of a sum of Rs. 75.00 lakh (Rupees seventy-five lakh) and reduced the penalty to a sum of Rs. 1.00 lakh (Rupees one lakh). On considering the materials, we find tha....