2007 (11) TMI 42

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....79/2006 (Ahd-II)CE/Raju/Comr (A), dated 23.8.06. None appears for the respondent. There is a request for adjournment by the respondent which is not acceded to. Heard the learned SDR for the Department. 2. The relevant facts, in brief, are as follows: (a) When the officers visited the respondent's unit on 28.2.1997, shortage of inputs on which credit has been taken was noticed. Cred....

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....) ELT 514 (Tri- Bang.) Malik & Sons vs. C.C.E.., Faridabad 2002 (141) ELT 492 (Tri-Del.) Glory Chemical Ltd. vs. C.C.E., Daman 2005 (190) ELT 366 (Tri- Mumbai) C.C.E., Delhi IV vs. Ilpea Paramount Pvt. Ltd.  2007 TIOL 1017- CESTAT DEL-LB 4. I have carefully considered the submissions made by the learned SDR and perused records. This is a case of admitted shortage. T....

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....for invoking the provisions of Section 11AC. 5. As regards the demand of interest, the Commissioner (Appeals)'s findings are as follows: '' Nevertheless , the entire amount of credit  was paid on 28.2.97 itself, i.e. the day on which search was carried out in their factory. Under the provisions of Section 11AB of the Central Excise Act, 1944, interest liability starts from the first day....