2007 (10) TMI 488

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....he Appellant. Shri C. Lama, JDR, for the Respondent. [Order]. -  These appeals and stay applications are listed before me for admission today, as the amount involved in this case is less than the threshold limit as provided in second proviso to sub-section (1) to Section 35B of the Central Excise Act, 1944. 2. Since the issue involved in this case is of imposition of penalty ....

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.... imposition of penalty under the provisions of Rule 27 of Central Excise Rules, 2001/2002 and interest under Section 11AB of CETA 1944. The appellant is required to pay the interest for the Cenvat credit, which has been wrongly availed by him. The provisions have been amended with effect from 11-5-2001. As regards the penalty, I find that this case is of a mis-interpretation of availment of credit....