TaxTMI 
TaxTMI 
2013 (10) TMI 795
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....t are second stage dealer dealing in steel items. During 2004-2005 they had issued certain invoices regarding supply of C.R. Strip to M/s. Rasandik Engineering Industries India Ltd. on the basis of which M/s. Rasandik have taken the Cenvat Credit of Rs. 98,813/-. Subsequent enquiry revealed that M/s. Nidhi Enterprises as a second stage dealer had procured these invoices from first stage dealer M/s....
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....imposed penalty of Rs.90,000/- on appellant M/s. Nidhi Enterprises under Rule 26 of the Central Excise Rules,2002. This order of Deputy Commissioner was upheld by Commissioner (Appeals) vide order-in-appeal dt. 27.11.12 against which this appeal has been filed along with stay application. The Commissioner (Appeals) in the impugned order relied upon the judgment of Hon'ble Punjab & Haryana High Cou....
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....Sharma, ld. DR, opposed the stay application by reiterating the findings of the Commissioner (Appeals) and relied upon the judgment of Hon'ble Punjab & Haryana High Court in the case of V. K. Enterprises (Supra). 5. I have considered the submissions from both the sides and perused the records. Prima facie when the appellant claim to have purchased the CR Strips, in question, from M/s. Ayushi Stee....