2005 (2) TMI 165

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....ed by the Customs, Excise and Gold (Control) Appellate Tribunal (CEGAT) dismissing Appeal No. E/772/2002-NB(SM). 2. On 6th July, 1996, officers of Central Excise (Preventive) visited the factory premises of the Respondent. They were informed by the Respondent that it was engaged in the manufacture of PVC Compounds and availed Modvat credit in respect of inputs. 3. On checking the records and sto....

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....eling aggrieved, the Respondent filed an appeal before the Commissioner (Appeals). By an order dated 12th February, 2002, the Commissioner (Appeals) upheld the order of the Assistant Commissioner but reduced the penalty amount from Rs. 49,357/- to Rs. 12,500/- on the ground that it was excessive, particularly since the entire amount of duty had already been debited by the Respondent. 6. Against t....

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....e Act or Rules with intent to evade payment of duty. It was found that none of these ingredients existed in this case. On the contrary, the Respondent admitted that it had made a mistake and had deposited the amount in dispute on the same day. It was, therefore, held that there was no case made out for the levy of any penalty whatsoever. However, since the Respondent had not challenged the levy of....