2018 (7) TMI 160

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....aghavan, Advocate, Shri D.Sen, Advocate and Shri S.Kharkia, CA for the Respondent (s) ORDER Per Shri V.Padmanabhan 1. The present appeal has been filed against the Order-in-Original No.95/MP/Commr/08 dated 31.03.2008. 2. This is third round of litigation before the Tribunal and is pertaining to the period 1992-1993 to 1996-1997. The respondent carried out stock verification at their va....

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....annual stock verification during the period from 1992-1993 to 1996- 1997. 2) Imposed penalty of Rs. 20,00,000/- under rule 173Q of the Central Excise Rules, 1944. 3) ordered for confiscation of 1531.360 MT of HR Sheet, plate & coil valued at Rs. 2,46,93,417/- with option to redeem the same on payment of redemption fine of Rs. 5,00,000/-. 4) Ordered for charging of intere....

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....yment in respect of excess stock found there and in compliance to the Government instruction respondent also being integrated steel plant, undertook such exercise which has resulted in the present appeal. It is also pertinent to record that in Rastriya Ispat Nigam Ltd. vs. Commissioner of Central Excise, Visakhapatnam [2005(191) ELT 1072 (Tri.-Bang.) where in it was held that the Circular No.486/5....

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....nd of interest under Section 11AB which Revenue seeks to impose in the present appeal grounds, it is to record that the section 11AB was introduced in the statute book on 28.09.1996 and the Commissioner has recorded in the impugned order that period of the present demand pertains to the period prior to such date. Consequently the adjudicating authority has imposed payment of interest under Section....