2007 (3) TMI 450

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....P.S. Joshi, Advocate, for the Respondent. [Order]. - Being aggrieved with the order passed by the Commissioner (Appeals), vide which he has set aside the confirmation of interest under Section 11AB and has reduced the personal penalty from Rs. 1 lakhs to Rs. 20,000/-, the revenue has filed the present appeal. For better appreciation, para 4 of his order is re-produced below :- "I have car....

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....es 2002 but with regard to Section 11AC. Hence penalty is imposable under Rule 13(1) of Cenvat Credit Rules 2002. However, in view of the fact that the entire irregular credit has been reversed before issue of show cause notice, the penalty of Rs. 1,00,000/- under Rule 13 is reduced to Rs. 20,000/-." 2. It is seen that the respondents had taken the credit during the period September, Novem....