2007 (3) TMI 40

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....t of both sides inasmuch as a very small issue involved. 2. The assessee (appellants) are engaged in the manufacture of PVC Gasket Frames falling under CSH No. 8418.90 for which PVC Gasket and Ferrite Magnets are the main raw material. PVC Gasket Frames are manufactured and cleared by the assessee on payment of Central Excise duty; and such duty paid PVC Gasket Frames are rejected by the customer....

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....nd an appropriate rate of interest on confirmed amount of duty and imposed equal amount of penalty. 4. Admittedly the appellant had availed the credit of duty, originally paid on the goods cleared from the factory, when the same were received back from their customers. The duty stand paid by them at the time of 2nd clearance of the same. If the Department is of the view that the activities undert....