TaxTMI 
TaxTMI 
2015 (5) TMI 981
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....or the Respondent : Mr. S. Teli, AR ORDER Per: Archana Wadhwa The appellants are engaged in the manufacture of dutiable as also exempted goods. During the period July 2006 to September 2006, they availed the credit of duty paid on the inputs used in the manufacture of both the final products. Inasmuch as they were also manufacturing exempted goods, they were required to either maintain the sep....
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....pointed out by the Revenue. 3. However subsequently they were issued a show-cause notice on 16.09.2008 for imposition of penalty. The said show-cause notice resulted in passing of an order by the lower authorities imposing penalty to the extent of Rs. 8,85,810/- (Rupees Eight Lakhs Eighty Five Thousand Eight Hundred and Ten only) i.e. equal to the excess credit availed by the appellant. The order....
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....mpted goods also. As per learned advocate such availment was with the due knowledge of the Revenue inasmuch as the same was being reflected in their statutory records as also in returns. This was an action of ignorance on their part and not being aware of the law. Inasmuch as it was being availed with the knowledge of the Revenue by reflecting the same in the statutory records and inasmuch as they....