2012 (12) TMI 933

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.... Learned advocate appearing for the appellant makes it clear that he is only challenging the penalty of Rs.66,344/- imposed upon him. 2. The appellant is engaged in the manufacture of man-made yarn of synthetic and artificial staple fiber and cotton yarn. During the period April, 2006 to June, 2007, they cleared certain scrap without payment of duty. However, on audit objection, Revenue issued a....