2011 (9) TMI 418

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.... of Rs.9,81,443/- stands confirmed against the appellants alongwith imposition of penalty of an identical amount under section 78 of the Finance Act, 1994. In addition a penalty of Rs.100/- per day stands imposed under section 76 of the said Act. 2. After hearing both sides, we find that the demand stands confirmed and penalty imposed upon the appellants on the ground that the activity of arrangi....

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....s of bonafide issue of interpretation of law and as such does not call for interpretation.  In the above proposition, he placed reliance on the Tribunal's decision in the case of Roshan Motors Ltd. vs. CCE, Meerut reported in 2009 (13) STR 667 and many other subsequent decisions.  4. We note that in the case of Roshan Motors Ltd. referred to (supra), the Tribunal while holding that suc....