2018 (5) TMI 1052

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....the respondent This appeal is directed against Order-in-Appeal No: PUN-EXCUS-001-APP-672/2017-18 dated 13/11/2017 passed by the Commissioner of Central Tax (Appeals), Pune-I. 2. Heard both the sides and perused the records. 3. The issue that falls for consideration is whether demand of MODVAT credit along with interest was rightly confirmed or otherwise and whether imposition of penalty i....

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....by the lower authorities are correct and is to be upheld. 5. As regards the interest and penalty, I find that the period involved in this case is being prior to 1995 and the issue being disputed, which could have been argued on limitation, the question of imposing equivalent amount of penalty does not arise. It is also to be noted that the issue is almost 21 years old, in my considered view, th....