2012 (8) TMI 861

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....l filed by the assessee is directed against the appellate Commissioner's order sustaining an Order-in-Original appropriating Rs.1,12,521/- towards CENVAT credit on inputs and an amount of Rs.1,924/- towards interest thereon and imposing a penalty of Rs.1,12,521/- under Rule 15 of the CENVAT Credit Rules, 2004 read with Section 11AB of the Central Excise Act. The original authority had also given a....

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....hey had not supplied the materials but only issued the invoices. When the assessee was confronted with these statements, they acquiesced in the factual situation and offered to reverse the credit in question, and they did so. Pursuant to the Order-in-Original, they also paid 25% of the duty as penalty under Section 11AC within 30 days from the date of communication of the said order. This conduct ....