2008 (1) TMI 793

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....Appellant. Shri Sameer Chitkara, SDR, for the Respondent. [Order per : M. Veeraiyan, Member (T)]. -  Heard both sides on the stay petition. 2.1 The applicant sold their "business of manufacture and selling of Allethrin" to M/s. Sumitomo Chemicals India Pvt. Ltd, by an agreement dt. 29-7-2005. As a result of such sale, the assets of Allethrin business comprising of building, p....

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....d credit of Rs. 2,10,76,238/- attributable to the inputs and credit of Rs. 1,11,02,496/- attributable to the capital goods. In addition, he also imposed a penalty of Rs. 5 lakhs on the appellant. He also ordered for recovery of interest. 3.1 Ld. Advocate submits that inasmuch as the capital goods, raw materials were not physically removed from the factory and that the appellant continued t....

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....   M/s. Jamna Auto Inds. Ltd. v. CCE [2001 (130) E.L.T. 181)] 7.      M/s. Mutual Mecaplast Ltd. v. CCE [2007 (220) E.L.T. 888 (T) = 2007 (83) RLT 651 (T)] 8.      M/s. Mutual Mecaplast Ltd. v. CCE [2007 (83) RLT 549 (T)J 4. Ld. SDR reiterates the findings of the Commissioner. 5. We have carefully conside....