2012 (9) TMI 418

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.... Shri R. Nagar, SDR, for the Respondent. [Order per : Archana Wadhwa, Member (J)]. -  Being aggrieved with the order passed by Commissioner (Appeals), Revenue has filed the present appeal. We have heard Shri R. Nagar, ld. SDR appearing for the Revenue and Shri Vipul Khandhar, ld. Chartered Accountant appearing for the respondents. 2. As per facts on record, the respondents are....

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....ing differential duty of Rs. 54,834/- (Rupees Fifty Four Thousands, Eight Hundreds and Thirty Four only) along with confirmation of interest and imposition of penalty. The said Show Cause Notice culminated into an order passed by Assistant Commissioner, confirming demand along with interest and imposition of penalty of Rs. 10,000/- (Rupees Ten Thousands only). 4. However, on appeal against....

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.... it would be reasonable to adopt the value shown in the invoice on the basis of which CENVAT Credit was taken by the assessee in the first place. Thus, the issue involved in the instant case is well settled through the explicit Board's above clarification. Therefore, the lower authority's impugned Order-in-Original confirming the duty, imposing penalty and demanding interest, is not sustainable an....