2017 (10) TMI 263

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....n, Advocate for the Appellant Shri S. Govindarajan, AC (AR) for the Respondent ORDER The appellants M/s. Sundram Fasteners Ltd. (SFL - III) are engaged in the manufacture as well as export of goods. The appellant, SFL-III unit was bifurcated into two units SFL-III and SFL EOU Unit. Both these units were adjacent to each other. In order to establish the EOU, SFL-III had placed orders for i....

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.... the above facts were brought to their knowledge and the appellant had furnished all details. They also undertook to reverse the credit and immediately the appellant reversed the credit of Rs. 15,49,876/- on 1.8.2005 towards irregularly availed credit of Rs. 19,43,072/-. However a show cause notice was issued dated 23.1.2006 proposing demand of Rs. 19,43,072/- for the period 10/2004 to 6/2005. Aft....

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....l situation and therefore the penaltiy may be set aside. To canvass this proposition, he relied upon the judgment of the Hon'ble High Court of Gujarat in the case of Commissioner of Central Excise, Vadodara Vs. Indeos Abs Limited - 2010 (254) ELT 628 (Guj.). 3.  The learned AR Shri S. Govindarajan reiterated the findings in the impugned order. He submitted that the appellant though had tra....