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2017 (4) TMI 273
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....ellant. None, for the Respondent. ORDER The Revenue viz., Commissioner of Central Excise and Customs, Belgaum is in appeal against Order-in-Original dated 1-12-2004 passed by the Commissioner of Central Excise, Belgaum whereunder inter alia Cenvat credit of Rs. 2,17,86,565/- was disallowed and penalty of Rs. 25,00,000/- (Rupees Twenty Five Lakhs) was also imposed. 2. The appellant....
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....Excise Rules, 2002 along with Rule 13 of Cenvat Credit Rules, 2002 for imposing the penalty on the respondent. The Commissioner in the impugned order has imposed penalty of Rs. 25,00,000/- (Rupees Twenty Five Lakhs) under Rules 25 and 27 of Central Excise Rules, 2002 along with Rule 13 of Cenvat Credit Rules, 2002. 4.1 Considering the facts on record and when Section 11AC of Central Excise....