2011 (8) TMI 361

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....nbsp; Duty demand of Rs.1,44,987/- (Rupees One Lakh, Forty Four Thousands, Nine Hundreds and Eighty Seven only) with interest was confirmed and penalty equivalent to duty was imposed upon the appellant, holding that the appellant are concerned and involved in clandestine removal of processed fabrics.   2. When the matter was called, none is present on behalf of the appellant. However, w....

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....nalty to the extent of 25% in the order passed. Following the decision of this Tribunal in the case of Swati Chemicals Industries Ltd. reported in 2009 (248) ELT 421 and also the decision of the Hon'ble Gujarat High Court in the case of CCE Ahmedabad vs. M/s. Akash Fashion Prints Pvt. Limited reported in 2009 (93) RLT 471 (Guj.), the appellants are given an option to pay penalty to the extent of 2....