2007 (5) TMI 542

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....M.M. Mathkar, JDR, for the Respondent. [Order]. - These appeals are against the order of Commissioner (Appeals) No. 193 to 194/2006 (Ahd-II)CE/Raju/ Comr(A), dt. 26-6-06. 2. None appeared for the appellant. However, a written submission dt. 28-5-07 has been submitted by the appellant which has been gone through. Heard the learned DR for the Department. 3. The relevant facts, ....

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....ls) reduced the penalty on the appellant company to Rs. 50,000/-. 4. I have carefully considered the submissions made by both sides. Two things are possible. Either the raw material on which the credit has been taken was not received in the first place in the factory and credit has been wrongly taken. Or, the inputs have been received and the credit has been taken, but the inputs have subs....