2009 (3) TMI 705

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....the Appellant. Shri R.K. Verma, DR, for the Respondent. [Order]. -  These appeals are arising out of common order and both are being taken up together for disposal. 2. The relevant facts of the case, in brief, are that the appellants are engaged in the manufacture of motor vehicle parts and sheet metal components. On 9-9-2009, the central excise officers visited the appellant....

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....that demand was raised on the basis of loose slips. There is no evidence of clandestine removal of the goods. In any event, he submits that the appellants already deposited the entire amount of duty before issue of show cause notice. Therefore, imposition of penalties are to be set aside. 4. Ld. DR on behalf of the Revenue reiterates the findings of the Commissioner (Appeals). He submits t....

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....ovides that if the assessee deposited the duty within one month from the date of receipt of the adjudication order, penalty would be 25% of duty. In the present case, the appellants already deposited the entire amount of duty before issue of show cause notice and, therefore, penalty is reduced to Rs. 42,280/-. Regarding imposition of penalty on Shri D.K. Jain, I find that he deposited the duty imm....