2011 (7) TMI 172

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.... Per : Dr. P. Babu;   M/s. Arogya Trading & Finance Limited is independent processors of fabrics. The issue pertains to period Jan 2004 to July 2004 when the simplified excise scheme was in vogue. There were about 550 fictitious names under which the excise invoices were issued. The original adjudicating authority dropped the demand of Rs. 17,03,824/-, out of the total demand of Rs. 18,37....

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....ption and inventory of the fabrics with respect of their value, duty paid and details of the persons from whom the same have been procured. Therefore, the provisions of Rule 7(4), have not been violated by them.   3. Further, it was submitted that the show cause notice was issued on 27.5.2008 by invoking extended period of limitation in respect of the cenvat credit taken in Jan 2004 to Jul....