2010 (3) TMI 1051

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....i, Advocate, for the Appellant. Shri D.K. Acharya, Consultant, for the Respondent. ORDER Heard both sides. 2. Appellant filed this Appeal against the impugned order whereby demand of Rs. 4,49,41,419.00 (Rupees Four Crores Forty Nine Lakhs Forty One Thousand Four Hundred and Ninteen only) was confirmed and penalty of equal amount was imposed on the firm as well as penalty of Rs. 10....

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....does not show any content of alcohol and these were used in the manufacture of excisable goods which was cleared on payment of appropriate excise duty. For the final product Applicant had paid the central excise duty more than Rupees Six crores during the relevant period. The Applicant also submitted that in the case of their loan licencee M/s. Savera Pharmaceuticals Pvt. Ltd. v. Commissioner of C....

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....s. Glaxo Smithkline Pharmaceuticals Ltd. dated 24-10-2005 where in such a situation M/s. Glaxo Pharmaceuticals admitted their mistake and reversed the Modvat credit. 5. We find that in this case the supplier of inputs M/s. Quest International (India) Ltd. is paying central excise duty in respect of Fruit Flavour Mix which is an input for the Appellant in the manufacture of their final prod....