2006 (9) TMI 362

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Appellant. Shri C. Lama, J.D.R., for the Respondent. [Order per : K.K. Agarwal, Member (T)]. -  This is an application for waiver of pre-deposit of duty amounting to Rs. 14,11,934/- and denial of excise deemed credit availed amounting to Rs. 14,11,934/- along with a penalty of Rs. 5 Lakhs on the applicant. 2. The brief facts of the case are that the applicant have taken deem....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he same for payment of basic excise duty there has been a short levy to the extent of Rs. 14,11,934/- for the period of March 2002 to June 2002 and excess availment of credit of equivalent amount for the purpose of basic excise duty. 3. The learned advocate for the appellants submit that as per provision of Notification 6/2002, they are entitled to take 33 1/3% or 66 2/3% of the aggregate ....