2008 (1) TMI 771

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.... P.K. Katiyar, SDR, for the Respondent. [Order]. - The appellants herein are engaged in the manufacture of grey woven fabrics falling under Chapters 54 and 55 of the Schedule to the Central Excise Tariff Act, 1985. They availed Cenvat credit on inputs and utilised the same towards payment of central excise duty payable on the goods. It was noticed by preventive officers of central excise tha....

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....xt day, interest thereon of Rs. 2,435/- was also paid. The contest was only to denial of credit of Rs. 76,913/- and to the penalty. The show cause notice was adjudicated by the Assistant Commissioner who confirmed the demands together with interest and also imposed a total penalty of Rs. 1,22,720/-. His order was upheld by the Commissioner (Appeals); hence this appeal. 2. I have heard both....