2007 (9) TMI 134

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... penalty to Rs. 10,000/-, Revenue has filed the present appeal for enhancement of penalty. 2. While reducing the penalty Commissioner (Appeals) observed as under : "6. There was an excess stock of principal raw materials namely M.S. Ingots of Rs. 4,76,000/-. There was also shortage of finished products namely TOR/TMT and angles. The lower authority have imposed penalty equivalent to duty inv....