2013 (11) TMI 1176

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....(DR) ORDER Per. Rakesh Kumar :- The appellant manufacture Stainless Steel Ingots, Stainless Steel Bars, Angles etc. Their input is Stainless Steel scrap, which is procured from two main sources - Salem Steel Plant, a Government of India Undertaking and M/s A.B. Paul & Company, Calcutta. Cenvat credit of Rs. 1,77,236/- has been denied in respect of 2 invoices issued by M/s Salem Steel Plan....

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.... an order-in-original has confirmed the Cenvat credit demand of Rs. 5,19,322/- alongwith interest and imposed penalty of twice the amount under Rule 15 (2) of Cenvat Credit Rules, 2004 as well as Rule 25 of Central Excise Rules, 2002 readwith Section 11AC. On appeal being filed, the Commissioner (Appeals) by the impugned order reduced amount of demand to Rs. 3,56,204/- and he also reduced the pena....

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....ion by reiterating the findings of the Commissioner (Appeals). 5. I have carefully considered the submissions from both the sides and perused the record. 6. Prima facie, I find merit in the appellant's plea that the grounds on which the Cenvat credit demands of Rs. 1,77,236/- availed on the basis of 2 invoices issued by M/s Salem Steel Plant and Cenvat credit of Rs. 1,74,195/- availed on the....