2008 (5) TMI 674

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....i S. Gautam, DR, for the Respondent. [Order]. -The Appellants are engaged in the manufacture of VP Sugar and Molasses classifiable under Chapter 17 of the Schedule to the Central Excise Tariff Act, 1985. They availed Cenvat credit on capital goods namely MS Plates, HR Sheets, Angles and Channels, etc. The Adjudicating Authority disallowed credit amounting to Rs. 2,41,255/- and imposed penalt....

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....433 (Tri.-Mum.). 3. The learned DR reiterates the finding of the Commissioner (Appeals). He submits that the Appellants availed credit on the Iron and Steel products used in Civil Construction which is not admissible to them and therefore, they are not liable to pay interest along with penalty. He further submits that the Appellants had wrongly taken Modvat credit and there is contraventio....