2004 (12) TMI 85

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.... on inputs. Accordingly, it took credit of duty paid of about Rs. 48,000/- in respect of three consignments received from M/s. Thapar Concast Ltd., Ludhiana during July, September 1999. This credit was denied and equal amount of penalty imposed on the appellant by the Additional Commissioner on the ground that the appellants' supplier had misdeclared the products. It was also held that the goods w....