2015 (10) TMI 1235

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....G R Singh, DR ORDER Per Ashok Jindal Appellant is in appeal against the impugned order contesting the demand of interest and imposition of penalty. 2. The facts of the case are that appellant is a manufacturer of dutiable as well as exempted final product and are not maintaining separate account for input / input services which are being used in manufacturing of dutiable as well as exe....

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....and reverse inadmissible Cenvat Credit. After adjudication the adjudicating authority appropriated the amount of duty already paid by the appellant and also confirmed the demand of interest for intervening period and impose equivalent amount of penalty. On appeal before the Ld. Commissioner (A) the demand of interest was confirmed, penalty was reduced to 25% of the duty involved. Aggrieved from th....

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....nataka in the case of Bill Forge Pvt. Ltd. (Supra). Therefore, demand and interest is set aside. The contention of the appellant that they have not paid the amount of 10% of the value of exempted final product and taken Cenvat Credit twice wrongly under bonafide belief is not acceptable as appellant are manufacturing excisable goods and when they are clearing exempted final product from their fact....