2018 (9) TMI 5

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....appellant, M/s S M Shankarrao Mohite Patil SSK Ltd seeks setting aside of penalty of Rs. 2,38,132/- imposed under the erstwhile rule 13 of CENVAT Credit Rules, 2002, in order-in-appeal no.PUN-CT-APPII-000-134&135-17-18 dated 28^th July 2012 of Commissioner of Central Excise, (Appeals), Pune. 2. Learned Counsel submits that they are engaged in the manufacture of rectified spirit and denaturated ....

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....aive imposition of penalty. It is his further contention that an amount of Rs. 5,00,000/- has been reversed in the first instance in accordance with the erstwhile procedure and therefore, recovery of duty liability on entire clearance is not warranted. 3. Learned Authorised Representative submits that the statutory provision was known to the appellant and that the availment of credit was rectif....