2018 (7) TMI 7

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....(Advocate) for Appellant Shri Mohd. Altaf (Asstt. Commr.) AR for Respondent ORDER Per: Archana Wadhwa After hearing both the sides we find that the appellant is engaged in the manufacture of 'Purified Terepthalic Acid' and imported certain raw materials, without payment of duty under the advance license, for consumption in their manufacturing activities. However, on account of certain ....

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....igher Appellate Forum, and was based on the appellants prayer for settling the dispute, the appellant was not entitled to the credit of the duty was paid. Accordingly, proceedings were initiated against the appellant by way of issue of show cause notice dated 07/09/2009 proposing reversal of Cenvat credit and for the confirmation of interest and imposition of penalties. 4. During the course of ....

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.... Section 11AC of the Act. The confirmation of the interest and imposition of penalty is being challenged in the present appeal. 6. After hearing both the sides, we find that there is no dispute about the factual position. Appellant availed the credit of the duty deposited in terms of order of the Settlement Commission but subsequently reversed the same, when proceedings were initiated against t....