2012 (2) TMI 288

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...., the appellants are manufacturers of MS ingots. During the course of manufacture, slag is generated which is sold by the appellants. Revenue was of the view that the appellants should have paid 10% of the value of slag as per proviso of Rule 6(1) of Cenvat Credit Rules, 2004. The appellants submit that they had initially reversed the proportionate credit of inputs going into the manufacture of sl....

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....oner (Appeals) also imposed penalty equal to the amount under Section 11AC which was not a subject matter of the appeal.   3. Considered arguments of both sides. I find that the dispute is only about compliance with some procedure and it is not very serious matter considering the issue involved. Proportionate credit on inputs and input service going into the manufacture of exempted product s....