2012 (4) TMI 411

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....his appeal is called, the ld.Counsel submits that the Revenue has preferred a Central Excise appeal before the Hon'ble High Court of Gujarat in Tax Appeal No.907/2005 against the judgment of the Tribunal dt.18.08.2004, which has set aside the mandatory penalty imposed upon the appellant under Section 11AC only on the ground that the appellant has discharged the entire in-eligible CENVAT Credit con....

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.... submits that the issue involved in this case is only regarding the equivalent amount of penalty under Section 11AC.   5. On careful consideration of submissions made by both sides, I find that the issue involved is only a short question as to whether equivalent amount of penalty needs to be imposed on the appellant under the provisions of Section 11AC of Central Excise Act, 1944. It is un....